INVOICE FINANCING EXPLAINED
Invoice Financing: An Overview
High sales are great, but unless you get paid, your cash in the bank can suffer.
But, your unpaid invoices have a value. If you need more working capital, you could benefit from Invoice Finance.
Invoice Financing unlocks the cash tied up in your unpaid invoices. You get immediate access to the funds you need to grow your business.
A cash advance against unpaid invoices.
Types of Invoice Finance
Invoice Factoring & Invoice Discounting
Invoice Factoring: An advance of an agreed percentage of the value of outstanding invoices.
Invoice Factoring: Faster access to your money instead of waiting until the invoices are paid.
The Finance Business appoint a factoring company to take ownership of your sales ledger management.
Invoice Factoring: The factoring company acts as a credit dept. chasing and collecting unpaid invoices.
Advantages of Invoice Factoring:
1. We retain control of your sales ledger. 2. Using a team of highly trained finance professionals to collect invoice payments. 3. Access the cash that will help grow your business.
Invoice Discounting: Allows you to retain your credit control function. You manage your sales ledger.
Advantages of Invoice Discounting: 1. Access up to 90% of the value of unpaid invoices. 2. Retain control of your sales ledger. 3. The more you invoice, the more funding you get. 4. Debt recovery litigation services. 5. Bad debt protection.
Invoice Finance: Both forms of invoice financing can provide your business with the perfect solution to potential cash flow issues.
For more information: Get in touch with The Finance Business today.