What is invoice finance?
A factoring facility allows you to convert your debtors ledger to cash immediately, then forget about them, allowing you to focus on growing your business. Also known as Cashflow Finance, Invoice Factoring and Invoice Discounting, invoice finance provides an alternative to the traditional bank overdraft.
You will be able to borrow up to 80% of the value of your invoices on an ongoing basis, usually while retaining any existing banking facilities that you may have.
You submit your invoices to us for funding then we look after the collections for you. We send out account statements and follow up overdues.
The remaining 20% of the invoice value is made available when the debtor pays.
You will no longer need to beg your customers for precious cash flow before being able to make the next move.