Cashflow / Invoice Finance
Our cashflow solutions can save you valuable time and drive your business forward.
Access Business Finance Support
Perhaps you are a business that needs quick access to funds to ease cash flow challenges, to grow your business or to purchase new services or equipment? Perhaps you don’t have time or expertise to chase late paying debtors?
You won’t have to worry about arranging bank loans, or increasing credit card or overdraft limits when you unlock the value in your unpaid invoices.
What Is Cashflow Finance?
Typically cash flow finance will take the form of Invoice Finance (other facilities such as Supplier Finance are available too, subject to status).
This is suitable for many small or medium-sized companies with B2B customers. Invoice Finance enables businesses to get paid more quickly and have greater control over its own cash flow.
Instead of sitting on unpaid invoices, businesses receive a large percentage of each invoice as soon as it is raised. Invoice Finance leverages the security of a company’s unpaid invoices as the basis for a cash advance.
It is a funding option for businesses that typically have a minimum of £30,000 annual projected turnover and that get paid by invoice on 14 day terms or longer.
Why Should Your Business Consider An Invoice Finance Facility:
You only borrow money you have already earned
Security required is often less than other forms of lending
The fees are low and there are no hidden costs
No long-term commitments, and you only use it when you need to and only pay for invoices that you have borrowed against
The extra cash on hand and not having to wait for payment means that you can pay your suppliers on time, settle all outstanding bills or buy more inventory
The facility grows with your business, enabling you to quickly obtain greater levels of funding as you may require
Depending on the type of product or service a company sells, the concentration of the sales and the payment terms of their invoicing, our panel of UK and Irish invoice finance lenders can typically provide up to 95% funding of their invoice values.
This type of borrowing can be particularly useful for businesses that have few other assets to offer as security for a bank loan. Their unpaid invoices are viewed as the security required to enable funding to be quickly released by the lender. There is usually no requirement for any additional security.
With Invoice Finance, you issue your invoice to your customer, you then receive a percentage of the invoice value as a cash advance from the lender (the Invoice Financing company).
Payment is usually made within 24 hours of submitting your invoice (and often can be made on the same working day). The sum received may vary from 50% to 95% of the invoice value. You retain full control of your sales ledger and are still responsible for pursuing your customers for payment.
Have You Considered...
SEIS / EIS
Obtaining a business loan with affordable rates is often the simplest way to inject money into your business to facilitate growth. Find out how we can help.
Access funds for asset purchases or leverage your existing asset value.
Find out if this business finance is suitable for your business.
EIS, SEIS and Advance Assurance enable companies to receive a provisional indication from HMRC whether they are eligible to apply for tax relief for their investors.
COUNTING KING CASHFLOW FINANCE
Are you ready to take advantage of cashflow finance? Or maybe you’re looking for another incentive? No to worry, get in touch with us today and one of our consultants will be able to advise you on the best next steps for your business.