Invoice Finance helps businesses with their working capital so that they can carry throughout the month without having to struggle paying invoices. We provide a short-term cash advance that can be used to smooth over the waiting time for your invoiced work and ensures you can pay the day-to-day costs of running your business. Here at Invoice Finance, we provide security for businesses that are paid after 30, 60 or 90 days as we take on the debt from the sales ledger.
By using your sales ledger as security for the repayments, we can loan you the capital to get by until the payments are made. Our small charges and interest rate on the funds makes it an easy and hassle-free way of curing any cash-flow problems. As we can lend up to 95% of the unpaid sales invoices, and effectively take on the debt of the outstanding invoice, it means that your business that is taking the short-term loan can grow faster without the worry of financing business ventures.
We also provide invoice discounting or invoice factoring, which can be a great way of encouraging your clients to pay faster. We take on the debt from those outstanding payments and you can offer a discount for those net 90 payers to pay earlier. It’s a great way of having more regular and consistent clients that pay on time.
This is a flexible and efficient way of running a business and is good for young businesses and those that have long lead times between invoicing. The charges and fees accrued are much easier to absorb as a business cost as the alternative for financing working capital is either impossible to achieve or can be very expensive for long-term loans.