Invoice Discounting within Asset Based Lending

The asset based lending facility works alongside invoice discounting. Indeed, you can only opt for asset based lending alongside a facility that includes invoice discounting.

Invoice discounting allows you to receive up to 85% of the value of issued invoices, typically by the next working day. You receive the remainder (less our service charges) once your customer has settled the invoice. Invoice discounting gives you full control over the whole sales ledger process; it is completely confidential, and there is absolutely no reason for your customers to know we're working with you. However, this relies upon your business having well-established and well-managed credit control and sales ledger processes.

Security may be required. Product fees may apply.