Invoice Finance
Invoice finance
If you sell to your business customers on credit terms and you are owed money for delivered goods or services, invoice finance can help you!
Invoice finance enables businesses to access cash upfront for unpaid invoices.
Rather than waiting 30, 60 or 90 days to be paid by a customer, businesses can release up to 95 percent of the value of an invoice within 24 hours of its issue.
Specifics
-
Factoring
You issue invoices to your customer with instructions to make payment direct to the factoring company.
-
Invoice discounting
This is similar to factoring but you remain in control of your sales ledger and hide your involvement with a financing company from your customers.
-
CHOCS
Disclosed factoring agreement where your business maintains full responsibility for credit control rather than passing it to us.
-
Construction
It provides funding by advancing cash against the value of invoices raised on the completion, or part-completion for staged contracts, of work carried out.
Can I get it?
The company has to be invoicing other businesses
Business needs to have a minimum turnover of £50,000 per year
Detailed and accurate financial statements and business accounts
Must have a good track record with customers fulfilling their invoices
