This method of finance releases cash tied in outstanding customer invoices, which is ideal for improving cash flow or funding expansion of your business. Typically, Invoice financing will generate much more cash than the traditional bank overdraft and is very useful if you sell business to business and need to generate extra cash. We have access to the whole of the market and have many years experience to ensure that you and your business obtain the deal which is best suited to you. There are two main types of invoice finance:
Funds are released against outstanding customer invoices, possibly even up to 100% but you retain your own credit control and manage your own sales ledger. Most arrangements are confidential.
With Factoring, you will have access to the value of outstanding customer invoices before they are paid. The Factor will provide the funding and will manage your credit control, chasing and collecting outstanding payments, saving you time and money. In some instances you can get up to 100% of your outstanding invoices in your account within 24 hours and you factor may keep your arrangement confidential from your customers.