Looking for Invoice Finance?
Invoice Finance, also known as factoring or invoice discounting, is a very popular cashflow management finance facility used by businesses across many sectors in the UK.
Very simply it enables businesses to access cashflow that is tied up in unpaid invoices for work thats been completed.
Many firms operate on a 30 day invoice period however 90 day payment terms are very common meaning that all business costs such as wages, rent, rates, fuel, insurance, tax, etc etc, need to be paid BEFORE a business is paid for the work it has done.
To bridge this gap invoice finance is a great solution that can initially advance payments of up to 90% of outstanding invoice value, with the balance paid when the end customer finally pays, providing the vital cashflow needed for a business to operate.
The costs of this facility are very competitive (typically 1% to 3% of invoice amount) however this is an unregulated market, and many firms, who do not need to be authorised and regulated by the Financial Conduct Authority, are free to trade. The unwary business owner must tread carefully in choosing who to engage with.
Our service includes a complimentary review of existing invoice finance arrangements and a guarantee to improve upon them in either price, term, service or some other element that our clients may identify being important to them.
For a first class invoice finance service please call us today on 01443 800621 or email firstname.lastname@example.org