Invoice finance

The real value of many businesses is often tied up in stock and unpaid invoices. This can have an adverse impact on cashflow, and place restrictions on a company’s ability to grow.

The invoice finance solution
Invoice finance is designed to improve cashflow and the availability of working capital.

It is suitable for businesses that sell products or services to other businesses. It is not suitable for industries and markets that operate stage payments, retention or advance payments.

How it works
Invoice finance is easy to use. You simply issue your invoices in the normal way and send a copy to us online. You can then draw down up to 90% of the value of approved invoices within 24 hours. The balance, less an amount for charges, is paid once the invoice is settled.

Depending on the options you select, we can also help you protect your trade debts through Bad Debt Protection and manage the collection of your outstanding invoices more effectively.

Invoice finance helps free the capital ‘locked up’ in your business and can give you:

• Fast access – up to 90% of the value of your invoices within 24 hours. The balance, less an amount for charges, is paid once the invoice is settled
• Reduce the impact of late payments – we can work with you to remove the hassle of chasing payment
• Bad debt protection – protection against the formal insolvency of a customer helps you to trade confidently
• Export services – if you need help with overseas business
• Greater growth potential – the funds you raise through invoice finance can be used to grow your business

Keep up to date
FacFlow, our online invoice finance management system is easy to use and lets you upload invoice information and receive payments. It also lets you produce reports and view information on any credit control contact with your customers. It is the only system of its kind to be accredited by the Institute of Accountants for England and Wales.