If you are an SME who needs to raise finance quickly, then invoice financing may be the right option for you.
If you are an SME who needs to raise finance quickly, then invoice financing may be the right option for you. It allows you to raise capital against unpaid invoices, generally up to 90- 95% of their value and provide working capital for your business, to be used for whatever you may need it for.
Invoice factoring works as a credit line facility on a rolling basis for your business allowing you to always have working capital in your business.
If you generate invoices to other business for either services rendered or products sold then you will most likely qualify for Invoice factoring. We we always suggest that if you are unsure, give us a call or drop us an email and we can advise you accordingly.
Invoice financing is not sector specific. You can have a business in pretty much any industry, which means this facility is open to majority of UK SME's.
Some businesses we have helped: wholesalers and retailers, recruitment agencies, construction companies, printers, manufacturing, farming, exporters, aerospace. Generally any business to business company can benefit form invoice financing, ranging form one single invoice to multiple invoices.
A factoring company is a specialist lender and is here to support UK SME's get fast funding for their business. The process is very simple:
When the invoice is paid by your client/customer the invoice amount that was paid is paid back to the finance provider plus the pre-agreed service fee.
Our lenders are transparent and everything is clear and fully explained to you before anything is agreed. Expect there to be 2 fees involved: