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

Invoice Funding | UK’s Leading Invoice Finance Company? ›

The best invoice financing companies in the UK 2024

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.

Is invoice finance a good idea? ›

As with any lending, there are potential risks. However, with invoice financing the risks almost always outweigh the benefits. It is often the beginning of a vicious cycle that can leave you failing to ever catch up on payments. It's important to note, there are always better alternatives available.

What is an invoice finance provider? ›

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.

Is invoice financing a loan? ›

Invoice financing is similar to a traditional secured loan in that it has set payment terms and interest charges accumulate on outstanding balances, but it uses one or more invoices as collateral for the loan. In invoice factoring, the cash the business receives isn't in the form of a loan.

How much does invoice financing cost? ›

This is an example of selective invoice finance costing for a larger transaction, however, you can also finance small transactions, typical fees are between 3% - 5% of invoice values (+ VAT where applicable). There are variations in the pricing structure between different providers.

Who can use invoice finance? ›

You can apply for Invoice Factoring or Discounting, if you are: Selling business to business and on credit terms. A business with a minimum turnover of £50,000 per annum for Factoring. A business with a minimum turnover of £250,000 per annum for Discounting.

What are the disadvantages of invoice financing? ›

What are some drawbacks of invoice finance?
  • Customers may be aware that an agreement has been reached. ...
  • Other businesses must be your clients. ...
  • Decreases profits. ...
  • Industry sentiment. ...
  • Borrowings based only on commercial invoicing. ...
  • Volatile. ...
  • It may be more expensive than other kinds of funding. ...
  • Invoice limitations.
Jul 13, 2021

How do I get out of invoice financing? ›

Giving Notice Of Termination To Your Invoice Finance Company

Typically, you may be required to give say three months notice of termination, providing you have exceeded any minimum period of the contract term (often a year). However the terms may vary widely.

Is invoice financing easy to get? ›

Because your invoices serve as collateral, invoice financing can be easier to qualify for than other small-business loans, although borrowing costs can be higher.

What is another name for invoice financing? ›

Invoice financing, receivables financing and invoice discounting, are terms often used interchangeably as they share many characteristics. For example, these facilities accelerate a business's cash flow, allowing them to pay employees, suppliers, and other expenses faster.

Why use invoice finance? ›

Invoice financing is a way for businesses to borrow money against the amounts due from customers. Invoice financing helps businesses improve cash flow, pay employees and suppliers, and reinvest in operations and growth earlier than they could if they had to wait until their customers paid their balances in full.

Is invoice finance secured? ›

Your invoices secure your facility

Your invoices are the primary security for repayment of the invoice financing facility. In most cases, no real property security is required.

What is an example of invoice financing? ›

10,000 invoice of Rs. 10,000 to its customer with a 60 days credit period. Here, the invoice amount is blocked for the supplier for 60 days which slows the cash flow. So, the supplier can get into an agreement with the invoice financing company to raise funds.

Is factoring the same as invoice financing? ›

Both invoice financing and factoring let business owners collect invoice payments upfront without having to wait to receive payment from a client. However, unlike invoice factoring, invoice financing creates a relationship between the business and the lender (instead of between the lender and the client).

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

In invoice financing, the customer (you) will still be in control of your collections. On the other side of the equation, factoring an invoice requires you to sell it to a factoring company, which gives them full control over collections.

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.

Why invoice financing? ›

As we've noted, invoice financing provides quick access to capital and removes the long wait time that creates cash flow issues. In addition, there are other advantages of invoice financing: Funding: it is a flexible way to fund investments, as companies can access cash as soon as an invoice is raised.

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