Invoice finance
Invoice finance
Release cash tied up in unpaid invoices so you are not left waiting on customer payment terms. Available from around £25k to £5m+ through our panel of specialist lenders.
Invoice finance lets a business release money tied up in unpaid invoices instead of waiting for customers to pay.
Good for
How it works
- 1
Tell us the plan
What you need, roughly how much and what it is for. No essays required.
- 2
We search our lender panel
We match your business with specialist lenders and explain the options in plain English.
- 3
You decide
Like an option? We help you see it through. If not, no hard feelings and no obligation.
The detail
So what exactly is it?
Invoice finance lets a business release money tied up in unpaid invoices instead of waiting for customers to pay. The two main types are factoring, where the lender manages your sales ledger and collections, and invoice discounting, where you keep control of collecting payments. Selective invoice finance lets you fund individual invoices or customers.
What can it be used for?
- Smoothing cash flow between invoice and payment
- Funding wages and suppliers on new work
- Supporting growth without offering premises as security
- Funding selected invoices or customers
- Replacing an existing facility
- Sector-specific facilities where available
What we'll need from you
- Recent accounts and management information
- An aged debtor and creditor list
- Details of your main customers and payment terms
- Sample contracts or terms of business
- Information about the directors
- Details of any existing finance facilities
Questions
What is the difference between factoring and invoice discounting?
With factoring the lender manages your sales ledger and chases payment. With invoice discounting you keep control of collections and the arrangement can be confidential.
Which businesses can use invoice finance?
Generally businesses that invoice other businesses on credit terms. It is used across many sectors, including manufacturing, wholesale, recruitment, logistics and professional services.
Can you finance just some invoices?
Selective or single invoice finance lets you choose which invoices to fund. We can explain whether this would suit you.
Will your customers know?
With factoring they usually will, as the lender collects payment. Confidential invoice discounting is available from some lenders.
Business finance only. We only help with unregulated, business-purpose lending, for example to limited companies or for business use. We can't help with regulated mortgages, consumer credit or loans secured on a home someone lives in.
Also see: Business loans · Working capital and cash flow finance · Asset finance · Commercial mortgages · Bridging finance · Development finance
Ready when you are.
Get a free, no-obligation quote. Finance subject to status.