Invoice Financing
Releasing money to assist your cashflow
Invoice discounting is a comprehensive funding facility similar to Factoring, in that it lets you utilise accounts receivables to secure cash advances. However, unlike Factoring it allows you to remain in full control of your sales ledger, credit control and collection facilities. What’s more you have the option to keep our facilities confidential from your customers should you wish.
Invoice Discounting is most suitable to companies selling goods and services on normal credit terms, which have effective credit management operations in house and have demonstrated reasonable profitability over a consistent period of time.
Key features and benefits of Invoice Discounting:
- Immediate access to increased funding as soon as you secure additional sales
- No more cashflow headaches, or uncomfortable conversations with your bank manager
- The added security of healthy cashflow can often enable you to negotiate improved supplier terms
- You retain control over your sales ledger and customer relationships
Alternatively, Factoring is a comprehensive funding and credit management facility directly linked to your outstanding sales invoices. Flexible levels of cash or working capital finance can be drawn down as and when required, consistent with the value of the goods or services invoiced. Additionally, a comprehensive and expert sales management service will remove the burden of securing payment from debtors, giving you the freedom to concentrate on your core business activities. Factoring is suitable for most established businesses with UK sales, on normal credit terms, up to a turnover of £50m, looking for flexible complementary funding.
Key features and benefits of Factoring:
- Turns your unpaid invoices into cash giving you the access to the additional funds your business needs
- Your debtors are our security, and the advances available are typically higher and more flexible than you can secure on bank overdraft
- Immediate access to increased funding as soon as you secure additional sales
- Improved cash flow can often enable you to negotiate improved supplier discounts