Invoice finance enables you to get paid when you raise your invoices, regardless of when your customer actually pays you. It takes away all the difficulties of chasing money and helps remove the worry of not knowing when you might get paid. Invoice Factoring is a fast, painless way to improve your cashflow. 

Invoice finance provides an immediate injection of cash into the business against invoices, you get the cash  to meet payroll, generate sales, pay suppliers, leaving you to concentrate on the business without funding distractions.

Instead of waiting for customers to pay your invoices, you release them to the factoring company - and you can draw down up to 90% of the value, immediately. We will then recover the payment from your customers and pay you the balance less our fee.

You no longer have to wait 30, 60, or 90 days for the money to come in; you don’t have to operate with unpredictable cashflow; you don’t need your own in-house credit control and you have the option to protect yourself against bad debts.

The essence of an invoice finance agreement is as follows:

When a business enters in to an invoice factoring arrangement, it assigns the sales invoices that it issues to its customers, to a finance provider. Then, within a period of 24 hours of receiving the invoices, the finance provider will pay the business up to 90% of the invoice value in cash. The remaining balance – less the finance providers’ charges – is then paid to the business once the debt has been collected.

Factoring has the additional benefit, especially for smaller companies who do not have in-house capabilities, of a full collections service. Particularly for new businesses, a full factoring facility ensures that the ledger is professionally maintained and your customers chased on a timely basis, without the need to employ someone in this role. This can lead to a critical saving in staff costs.