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Invoice finance
It’s a well-known fact that in business, cash is king. By freeing up the money currently tied up in your sales ledger, we can help you Improve your cashflow to give your business the freedom to thrive.
We can arrange a loan against the value of your accounts receivable, allowing you to receive payment immediately, instead of having to wait for your usual customer credit terms on all outstanding invoices.
You can release up to 85% of the invoice value immediately, with the factoring company doing all the work for you.
Which type of invoice finance is right for me?
If you are ready to grow your small business or safeguard your cash flow, you might well be looking at Invoice Finance.
With Invoice Finance, a funding provider will use your invoices as the security for cash advances. Instead of waiting for your customer to pay you, which can be a major headache if you deal with large corporations, it can mean getting paid as soon as you do the job and issue an invoice. It can avoid a cashflow crisis while you wait weeks or months for a large client to pay, and - by ensuring your cash always keeps pace with work going out - it can help ensure you always have the funds you need to support growth.
Invoice factoring
As well as providing cash in exchange for your invoices, invoice factoring also provides your business with a credit control function with the factoring company taking responsibility for securing payments from your customers.
Invoice discounting
With this option, you simply use the value of the sales ledger to access the funding you need. There is no additional involvement from the finance company and you continue to handle your own credit control yourselves
Frequently asked questions
How does invoice finance work?
Invoice financing is a way of borrowing money based on what your customers owe to your business. A third party agrees to buy your unpaid invoices for a fee, meaning that you have instant access to the cash your business has earned, without having to wait for the usual payment terms for the money to appear in your account.
How much can I release through invoice financing?
This will depend on how much cash you have tied up in unpaid invoices but to give you a guide, we’ve arranged funding from £50k upwards (with no upper limit) for some of our previous clients.
Will my customers know that I’m using invoice finance?
It depends which facility you pick. If you don’t want your customers to know, you can choose the confidential invoice discounting option and they wo
How do I apply?
If you are interested in finding out more, please just drop us an email at hello@joefizz.co.uk or call on 07789 992233. We’ll arrange a suitable time to meet and chat through the challenges your business is facing and suggest some solutions which might help.
