Invoice Funding | UK’s Leading Invoice Finance Company (2024)

Compare Over 40 Invoice Factoring & Discounting Providers

Thousands of businesses across the UK use invoice finance toleverage their unpaid invoices in order to provide an instant cash injection into the business.

Get a cash advance on your unpaid receivables ledger with our fund invoice product. Take back control of your cash flow so that you can get on with growing your business.

Contact Us to Solve Your Cashflow Problems Today

Fund Your Business

Speed up your cash-flow today. Forget issues caused by slow-paying customers

Get Paid on Your Invoices within 24 Hours

No more problems with slow payers!

Completely Confidential Service Available. Our funders offer a confidential credit control accounts receivable service if you don’t want to chase your owed payments.

Choose How You Manage Credit Control

Let your funder manage your sales ledger, chase late payments and get paid quickly, fast funding for UK Business

What is Invoice Funding?

Invoice funding is a general term used for asset based lending products that allow companies to finance slow-paying accounts receivable. This type of funding helps businesses improve cash flow, pay employees and suppliers, as well as allowing the business to reinvest in operations and growth earlier than they could if they had to wait until their customers paid their balances in full.

There are two ways to fund invoices. The first way is through a sale. Invoices can be sold to a lender in exchange for an immediate payment. The second way is using receivablesto secure a revolving line of credit through an asset based lending such as invoice finance.

It is easier to fund invoices than applying for conventional business financing because you are technically selling an asset rather than getting a loan. To get themaximumbenefit and understand what is invoice funding your clients need to be commercial and hold a good credit score.

Invoice funding is an asset based finance product that has been around for several years, it is often referred to by the name invoice factoring, a common misconception is that it been associated with only being used by struggling businesses. Over the years this view has changed and today businesses have unlocked their cashflow with invoice finance enabling them to fund their growth and take their business to the next level.

The requirement to sell your entire ledger of invoices is not required as you can select to fund a single invoice.

How doesInvoice Funding Help FundInvoices?

We help to fund invoices by advancing upto 100% of an invoice value in 24 hours, this process can help business cash flow by releasing outstanding monies tied up in their accounts outstanding invoices.

This effectively is selling the unpaid invoice to afinance provider in order to fund invoices and have money available within 24 hours.

How does Invoice Funding work?

Invoice funding works by advancing anamount due on unpaid invoices that a business has issued to their customers.

To fund an invoice it is really simple, once you have a facility in place, you will send a copy of the unpaid invoice to a lender, this invoice is simply paid by the lender into your business bank account, no more waiting 30,60 or 90 days for your client to paid you.

By funding your business invoices with us, wecan provide up to 100% of the invoice value upfront within 24 hours of being approved

Apply for Invoice Finance for your Business

Invoice finance allows you to release tied up cash in outstanding invoices. So there is no longer a need to wait 30, 60 or 90 days for an invoice to be paid by your customer, Invoice Funding can advance up to 90% of the invoice value upfront within 24 hours once approval has been actioned.

SMEs and businesses alike rely on their invoices to be paid on time in-order to maintain a healthy cash flow. A number of different types of business sectors use invoice finance to help maintain a positive cash flow.

By releasing cash from your accounts receivables, you can effectively maintain a healthy cash flow or improveworking capital.

Just Some of the Invoice Factoring Funders we Work With…

Invoice Funding | UK’s Leading Invoice Finance Company (1)

Invoice Factoring

Receive up-to 95% of your unpaid invoices within 24 hours, perfect working capital cash-flow solution.

Single Invoice Factoring

Single Invoice Factoring or Spot Funding is an innovative way to access the cash which is tied up in your sales invoices, but as its name suggests it can be used for just a single invoice

Supply Chain Finance

Supply Chain Finance is perfect for large projects. We make sure sub-contractors get paid quickly to keep work on track for deadlines.

Recruitment Factoring / Finance

We make sure you can pay your placed candidates on time every time with our Recruitment Cash Flow Funding. Receive payment from your customers with 24 hours.

Construction Factoring / Finance

Don’t let your projects fall behind. Factor your invoices and get paid in under 24 hours. Factoring is the end to your cashflow worries.

Haulage Cash Flow Finance

Make sure your people are paid on-time for every job. Take on more work and no longer wait for slow payers to settle outstanding accounts.

Invoice Funding | UK’s Leading Invoice Finance Company (2024)

FAQs

What is invoice funding? ›

Invoice financing is a credit facility that allows a business to borrow money using high-value unpaid invoices as collateral. This way, you can get the funds you need to meet immediate cash flow requirements to purchase inventory, repay dues, pay vendors or employees, meet marketing expenses, repay debt and more.

What is an invoice finance provider? ›

What is invoice finance? Invoice finance is when the lender uses an unpaid invoice as security for funding, giving you quick access to a percentage of that invoice's value quickly, sometimes within 24 hours. The amount of money a provider will lend you is based on its own risk criteria.

What is another name for invoice financing? ›

To complement the invoice finance definition, know that invoice financing is sometimes referred to as "accounts receivable financing", "receivables financing", or "invoice discounting".

Is invoice financing risky? ›

Invoice financing does not eliminate all risk, though, since the customer might never pay the invoice. This would result in a difficult and expensive collections process involving both the bank and the business doing invoice financing with the bank.

What is the interest rate for invoice financing? ›

Invoice financing interest rate is typically between 7% to 12% p.a. For some non-bank alternative lenders, invoice financing interest could be between 1% to 3% per month.

Is invoice financing easy to get? ›

Invoice financing is an easier type of loan to qualify for because it considers your clients' credit and payment history more heavily than your business's. Many invoice financing companies work with business owners with bad credit, making it an accessible funding option.

Is invoice financing a business loan? ›

Invoice financing is a type of business financing that functions as a cash advance on outstanding customer invoices. It allows small-business owners to use invoices as a form of collateral to secure a loan or line of credit. Invoice financing is also referred to as accounts receivable financing or invoice discounting.

Is invoice financing good? ›

For businesses that need to boost their cashflow, invoice finance can be an ideal funding solution: no need for hard assets, no personal guarantees, get up to 95% of your invoice value as soon as you raise it, and eliminate months of waiting for customers to pay.

Do banks do invoice financing? ›

Banks may factor invoices for a number of reasons, but the main purpose is to provide financing to businesses that need working capital. For banks, funding invoices can be a way to generate income from lending to businesses without taking on the risks associated with traditional lending.

What is an example of invoice finance? ›

Invoice finance example

A wholesaler sends an invoice for £10,000 to a customer. They usually take 60 days to pay the bill. This locks up the value of the invoice for two months and slows down the wholesaler's cashflow. However, the wholesaler has an agreement with an invoice financing company.

What is the difference between invoice factoring and invoice financing? ›

Invoice factoring typically offers access to more capital than financing. Financing is more similar to a line of credit or loan—you are borrowing against your account receivables. Factoring is when you sell your accounts receivables, so it's more similar to an advance.

What is the difference between trade finance and invoice finance? ›

While trade finance focuses on the broader spectrum of international transactions, invoice factoring zooms in on immediate cash flow needs, providing a lifeline for businesses awaiting payment on their outstanding invoices.

Is invoice finance regulated? ›

1) Regulation of invoice finance agreement

It is generally accepted that there is no question of a properly drafted invoice finance agreement being regulated by the CCA, because there simply is no element of credit to be provided by the funder.

What is the percentage of invoice finance? ›

The invoice financier pays you a pre-agreed percentage of the invoice, typically up to 90% but sometimes up to 95%, minus the lender's fee. Your business handles the collecting of payment from your client.

What makes an invoice illegal? ›

Invoice fraud occurs when someone purposely invoices for more than the correct amount, causing companies to overpay or even pay someone who never offered them goods or services in the first place.

What does it mean to invoice money? ›

An invoice payment is a scheduled payment a customer makes toward the balance of goods and services rendered. An invoice is a document showing details of any goods or services sold and requests an amount payable for these services.

Does an invoice mean you owe money? ›

An invoice contains information about how much money a customer owes. This document is considered an invoice by the business that has provided the goods or services to the customer. The customer who receives this invoice then records this document as a bill that needs to be paid.

How do invoice loans work? ›

What is Invoice Financing. Invoice financing (also called accounts receivable financing) is one of the most popular small business loans that allow businesses to use unpaid invoices as collateral in exchange for upfront cash. Invoice financing companies advance 80% to 95% of the total invoice value upon approval.

Top Articles
You don’t need to enter UPI PIN to receive money in your account
DON'T BAG THESE SUPERSTITIONS.
English Bulldog Puppies For Sale Under 1000 In Florida
Katie Pavlich Bikini Photos
Gamevault Agent
Pieology Nutrition Calculator Mobile
Hocus Pocus Showtimes Near Harkins Theatres Yuma Palms 14
Hendersonville (Tennessee) – Travel guide at Wikivoyage
Compare the Samsung Galaxy S24 - 256GB - Cobalt Violet vs Apple iPhone 16 Pro - 128GB - Desert Titanium | AT&T
Vardis Olive Garden (Georgioupolis, Kreta) ✈️ inkl. Flug buchen
Craigslist Dog Kennels For Sale
Things To Do In Atlanta Tomorrow Night
Non Sequitur
Crossword Nexus Solver
How To Cut Eelgrass Grounded
Pac Man Deviantart
Alexander Funeral Home Gallatin Obituaries
Energy Healing Conference Utah
Geometry Review Quiz 5 Answer Key
Hobby Stores Near Me Now
Icivics The Electoral Process Answer Key
Allybearloves
Bible Gateway passage: Revelation 3 - New Living Translation
Yisd Home Access Center
Pearson Correlation Coefficient
Home
Shadbase Get Out Of Jail
Gina Wilson Angle Addition Postulate
Celina Powell Lil Meech Video: A Controversial Encounter Shakes Social Media - Video Reddit Trend
Walmart Pharmacy Near Me Open
Marquette Gas Prices
A Christmas Horse - Alison Senxation
Ou Football Brainiacs
Access a Shared Resource | Computing for Arts + Sciences
Vera Bradley Factory Outlet Sunbury Products
Pixel Combat Unblocked
Movies - EPIC Theatres
Cvs Sport Physicals
Mercedes W204 Belt Diagram
Mia Malkova Bio, Net Worth, Age & More - Magzica
'Conan Exiles' 3.0 Guide: How To Unlock Spells And Sorcery
Teenbeautyfitness
Where Can I Cash A Huntington National Bank Check
Topos De Bolos Engraçados
Sand Castle Parents Guide
Gregory (Five Nights at Freddy's)
Grand Valley State University Library Hours
Hello – Cornerstone Chapel
Stoughton Commuter Rail Schedule
Nfsd Web Portal
Selly Medaline
Latest Posts
Article information

Author: Tish Haag

Last Updated:

Views: 6434

Rating: 4.7 / 5 (67 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Tish Haag

Birthday: 1999-11-18

Address: 30256 Tara Expressway, Kutchburgh, VT 92892-0078

Phone: +4215847628708

Job: Internal Consulting Engineer

Hobby: Roller skating, Roller skating, Kayaking, Flying, Graffiti, Ghost hunting, scrapbook

Introduction: My name is Tish Haag, I am a excited, delightful, curious, beautiful, agreeable, enchanting, fancy person who loves writing and wants to share my knowledge and understanding with you.