Does your business suffer from cash-flow issues due to long payment terms or late-paying clients? If so, you might want to consider invoice financing.
Invoice financing allows companies to borrow money against the value of invoices due from customers. Typically, you can receive up to 85% of the value straight away and the remaining amount (minus any charges) when the customer pays the invoice.
Invoice finance can be a great option if you have many corporate or SME customers who have long payment terms or tend to pay as late as possible. It’s a great finance option for plugging holes in cashflow.
Essentially, invoice financing allows a business to get paid immediately for the products provided and invoiced, so that the cash can be put back in the business at a quicker rate.
There are two primary forms of invoice finance, being invoice factoring and discounting.
Does invoice finance sound ideal for your business? If you’d like to know more about how to get started with Invoice Financing, get in touch with our specialist team today on 01908 92 62 62 or fill in the simple form below and we will get back to you as soon as possible.