Answered: Your Top Questions about Invoice Finance

Can my cash flow be speeded up using invoice finance ?

I t ma y be stating the obvious, but the number one reason for using invoice finance is to generate immediate cash (up to 90% of invoice value) to pay wages, suppliers etc. This means happy employees, discounts from suppliers and, most importantly, a lot less stress for the business owner.
In addition, a business which is already trading (as opposed to a start-up) can release a lump sum cash injection from its current sales ledger.

Will I receive professional Credit Control?

Invoice finance allows the client to outsource its credit control, freeing up time for better things such as winning new orders and keeping staff happy!

Will invoice finance reduce our flexibility ?

The beauty of invoice finance is that the funding available automatically increases in line with the client’s sales. Compare this to the inflexibility of an overdraft, which requires a business to keep going “cap in hand” to the bank manager for increases in the facility.

Will invoice finance put my home at risk?

A bank will often require your home as security for an overdraft – this is not required for an invoice finance facility.

Will invoice finance speed up funds ?

Yes- funds can be available within 24 hours

Can we choose whole or partial turnover?

There are companies who don’t insist that all your sales go through them, make this one of your first questions?

Refused Credit?

Don’t worry if you have a poor credit history or weak accounts- this doesn’t matter to some companies, ask this question early.

Will my account be accessible on the internet?

Good services offer full online Account Access 24/7.

Can we switch suppliers easily ?

Yes you can it’ s a very simple speedy process. Find out whether our Factoring and Invoice Discounting services could help your business.