Invoice Finance is a comprehensive funding facility designed specially to release the cash tied up in your sales ledger. Instead of waiting 30 or 60 days to get paid from your customers, you get the benefit of up to 85% of the value of your invoices, the day after you raise the invoice, with the balance, less charges, paid when your customer pays the invoice in full. It is very straightforward to operate requiring minimal administration from your organisation. If you are selling goods or services to trade debtors on credit terms and invoicing in arrears, then you may qualify for Invoice Finance.
Benefits- Early payments – Up to 85% on the face value of your invoices within 24 hours.
- The ability to obtain immediate “cash on delivery” from your sales
- No more cash flow headaches or uncomfortable conversations with your bank manager, allowing you to concentrate on developing your business
- The flexibility that allows you to negotiate attractive supplier discounts ensuring that your increased cash flow works for you
- Bad debt protection optional