What is Invoice Finance / Factoring
Invoice Finance and Factoring are financing solutions that allow businesses to access funds based on outstanding invoices. This type of funding helps bridge cash flow gaps and ensures you don’t have to wait for customer payments to continue operations.
Key benefits include:
- Quick access to funding based on your invoices
- Repayments linked to your invoicing cycle
- No need for fixed assets or collateral
- Ideal for businesses with a strong customer base but slow-paying clients
Key Features of Invoice Financing / Factoring
Invoice Finance allows you to release cash from your unpaid invoices, improving cash flow without waiting for customers to settle their accounts. Factoring involves selling your invoices to a lender, who then handles collections and provides immediate funding.
- Advance amounts ranging from £10,000 to £2,000,000
- Funding based on the value of your unpaid invoices
- No need for fixed repayment schedules
- Simple and fast application process
- Ideal for businesses with significant accounts receivable