Invoice Finance

Invoice Finance - what is right for you?

At first glance, the whole idea of invoice financing can seem a little bit confusing. And when you're then told that "invoice finance" is actually an umbrella term, you may begin to wonder what you're letting yourself in for. Don't. We're not here to confuse. We're here to guide you towards the most suitable financial solution.

Remember, this is only a guide. There's a pretty good chance that you'll recognise your business and your needs in the description of these services, but if you're not sure, feel free to contact us.

We consider every business on its merits and on its own terms. However, there are a few initial criteria we must insist upon. If you're interested in invoice discounting or factoring, then we typically look for strong proof of debt - usually in the form of delivery notes or timesheets. Importantly, you must sell to other businesses - not consumers - and you must invoice those businesses. If you get paid immediately or in cash, then invoice finance is not the solution you need.

Take a look at the chart below to compare the various invoice finance options available.

Our Solutions in Detail...

Invoice Finance
Who is it for? Factoring Factoring with Credit Protection Invoice Discounting Invoice Discounting with Credit Protection Asset Based Lending
Mid to long term funding need YES YES YES YES YES
When would I benefit from this product? When cash is locked in outstanding invoices. When cash is locked in outstanding invoices. When cash is locked in outstanding invoices. When cash is locked in outstanding invoices. When cash is locked in outstanding invoices and other assets.
Minimum turnover £250k £250k £300k £300k £10m
Requires business to business receivables only YES YES YES YES YES
Requires legal title to receivables YES YES YES YES YES
Requires robust 'in house' ledger control NO NO YES YES YES
How much advance can you give me? Up to 90% of the value of your eligible invoices. Up to 90% of the value of your eligible invoices. Up to 90% of the value of the outstanding balances from your eligible debtors. Up to 90% of the value of the outstanding balances from your eligible debtors. Up to 90% of the value of the outstanding balances from your eligible debtors.*
Do you collect money on my behalf? YES YES NO NO NO
Do I have protection from debtor insolvency both domestic and export? NO YES NO YES NO
Does funding grow my business? YES YES YES YES YES
Can you finance my export ledger? YES YES YES YES YES

* Advance level for assets other than trade debtors is established based on third party valuation.

Security may be required. Product fees may apply.

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Compare the Prices

Factoring, invoice discounting or asset based lending: which is best for you? See pricing

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