Unlocking The Value Held In Your Invoices
It is not uncommon now for your customers to take up to 90 days to make payment on their invoices. In the meantime, your team and suppliers want paid not to mention HMRC.
We can help by finding a funder who will release an agreed percentage (usually between 60 -85%) of those invoices to you to help cashflow until your customer pays.
This service can be both confidential or non-confidential, depending on the service you and lender you choose.
What Is Invoice Finance?
Invoice finance is a way for businesses to release money tied up in their invoices when customers traditionally take more than 30 days to pay.
It is also known as Debt factoring; Invoice factoring; Invoice Discounting and Asset-based lending.
The business client enters into an agreement with the finance company whereby the factoring company advances some funds upfront when the business client sends an invoice to a customer- typically 60-85%.
When the end customer comes to pay, the remaining balance is available, minus their finance company fees.
This helps the business cashflow while waiting for the invoices to be paid.
Why use Invoice Finance?
Invoice finance has the following benefits,
- Releases an agreed percentage of the invoice value when raised.
- Grows with the business, unlike an overdraft.
- Assistance in debt chasing can be provided.
- Interest is only charged when money is drawn.
- You do not have to take the full amount available if it is not needed.
How we do it
By dealing with us directly, we make seeking the right funding deal for your business as quick and easy as possible. By cutting out the endless contact with multiple banks and finance providers, you can focus your attention where it belongs, on your business.
We will then put together the pros and cons of each offer to clearly outline the terms and conditions so you can be confident there are no hidden agendas.
Get In Touch
Main Office
Park Farm Hotel
Norwich Road
Hethersett
Norwich