Invoice Finance
Turn unpaid invoices into cash
Who is it designed for?
Invoice Finance is designed to support any business that trades within a business-to-business market, supplying either goods or services where credit terms are given to customers.
Your business may be new, established, growing or simply looking for additional financial support.
Suitable for all sectors:
- Temporary an/or permanent recruitment
- Logistics
- Manufacturing
- Construction / Contractors
- Import and distribution
- Export
- Printing
- Bodyshop
- Service suppliers
- and many more
How does it work?
An Invoice Finance facility will improve your cash flow by providing an immediate injection of up to 100% of the value of your outstanding invoices on an ongoing basis.
As you raise new invoices, up to 100% of the value of the invoices will be made available to you within 24 hours.
This means your business has access to an ongoing supply of cash linked to sales.
So as your business grows so does the amount of money available, unlike an overdraft facility or loan that are fixed sums.
In addition to the cash that will be provided, Factoring companies can also save valuable management time.
Invoice finance providers can manage sales ledgers by chasing and collecting outstanding invoice payments from customers on your behalf, that means you have more time to concentrate on generating new business.
The provider can:
- Prepare and send out statements
- Telephone your customers to chase payments
- Collect payments
- Maintain professional and detailed accounts of all transactions.
- Administer legal proceedings where required
- Services can be supplied on either disclossed or confidetial basis.
- Supply payroll and/or invoicing services.
- Or simply make available a supply or readilly available cash liked to your sales ledger.
In the same way that you may outsource accountancy services or HR Services, you could outsource your ledger control to a professional organization? This will save your business valuable time and money.
How much does it cost?
There are two types of fee.
The first is the cost of the money you use which is normally a set percentage above base rate per annum on the money that you draw down from the facility, in a similar way to interest being charged on an overdraft facility but generally more competitive.
The second is a service fee, which is charged at a set percentage against the invoices raised.
Typically the cost of money is set at between 1.50% and 3.00% above base per annum depending on turnover. While the service fee could range from 0.15% to 3.00% of turnover depending on the number of invoices raised, turnover of the business, customer numbers and business sector.
Products Available
- Confidential Invoice Discounting
- Confidential Factoring
- Factoring
- Export Factoring
- Bodyshop Finance
- Recruitment Finance
- Construction Finance
Or simply call us on 07899 990344 for an immediate response.