Quick Contact

"Finance7 provided an invaluable service at a very difficult time. They presented the options in a clear and thorough manner and ensured the best outcome possible. I can highly recommend them"

Director of Merricks Media Ltd

What is Invoice Finance?

Invoice finance refers to facilities that allow you to raise working capital against your unpaid invoices or debtor book

Invoice finance has two main forms - Factoring and Invoice Discounting, both of which offer flexible facilities that allow cash to be borrowed against invoices raised on credit terms to commercial buyers in the UK and overseas.

Because it's linked to sales, invoice finance is an attractive alternative if your business doesn't have the financial track record or the security to negotiate increased overdraft facilities. This makes it especially attractive for new or growing businesses.

Invoice finance is also highly flexible, as the amount you can borrow grows in line with your sales.  Funding is linked to sales so there is no need for you to re-negotiate limits annually and pay the associated arrangement fees.

Invoice finance offers an agreed percentage, up to 95%, of unpaid invoices on your debtor book on day one. For example, a £100k debtor book could raise £95k of working capital. You also get the same agreed percentage against all new invoices, usually within 24hrs. This high level of funding often makes it possible for you to repay bank facilities or release previously pledged security

So invoice finance gives you

• A finance facility linked to your sales, not your balance sheet
• High levels of funding
• Flexibility
• Reduced need for additional security
• Speedy set-up – facilities can be in place within 48hrs

 

What next? To be one step closer to getting the finance you need

Click on the links to find out more information about Factoring or Invoice Discounting

Fill in the contact request box and we will call you back

Ring us on 0330 999 3 777 to arrange a free consultation