Often called cash flow finance, invoice discounting, or factoring, the cash generated from invoices due to you can often help deal with:
The costs of an invoice finance facility can be lower than you may think as the credit control function of a business can usually see a benefit in reduced costs as invoices are often chased by the provider of the cash flow finance facility. Administration is also improved and that in turn brings cost savings to the business. And of course having cash in a business when its needed relieves stress and makes the business more secure and more flexible.
Invoice finance is not right for everyone, but for well run businesses where cash is tight as a result of having to offer credit terms to your clients, its often a very sensible approach to obtaining the vital cash your business needs.
If work has been done or sales have been made, and this has been invoiced correctly and can be confirmed as genuine then up to 70% of the value of the invoices can be released as cash immediately.
As banks look to reduce overdrafts, many clients are being forced into the hands of the bank owned cash flow finance and invoice finance providers. If that is happening to your business First Independent Finance can help you find an independent provider.
Invoice finance may offer:
Over 40,000 businesses across the UK use invoice finance to support them at various stages in their business life cycle.
If you would like to release up to 70% of the cash tied up in your invoices or if you would like to learn more on how invoice finance can help your business, please call Gayle on 0800 230 0988.