Invoice Finance and Factoring
Improve business cashflow with a flexible invoice finance facility from 40+ lenders
Finance up to 100% of invoice value
Release the cash tied up in your unpaid sales invoices immediately
Rates from 0.1% p.a.
Highly competitive rates
Cancel any time
Flexible terms to fit your unique circumstances
Choose which invoices you want to finance
Finance one invoice at a time or your whole ledgerFast, flexible invoice finance to relieve your cashflow
Ready to start? Apply now for invoice finance
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Or speak to one of our experts over the phone on 020 7260 3111
Used and trusted by UK businesses, just like yours
Click here to read moreYour invoice finance questions, answered
Invoice finance allows your business to release cash against your outstanding customer invoices before they’ve been paid.
The main forms of invoice finance are invoice factoring and confidential invoice discounting. We will discuss these options with you and help you choose the right solution for your specific circumstances.
Invoice finance or invoice funding is available to any UK business that is selling to other businesses on credit terms (‘B2B’). It is ideal if your customers are on extended payments or take a long time to pay.
Invoice finance gives you fast access to cash you’re owed, helping to improve cash flow so you can run your business smoothly and efficiently while building working capital.
It’s much more flexible than a bank overdraft or a loan, because the amount of finance to you increases as your business grows.
Invoice factoring, also known as financial factoring, enables you to obtain cash against your unpaid invoices immediately. This means you don’t have to wait for your customers to finish their payment terms, until you receive the money. Invoice factoring incorporates credit control, where an external advisor will complete this on your behalf. Typically, Invoice Factoring is not confidential as the Invoice factoring company will contact your clients on your behalf, however the option for confidential factoring is possible. This is most suitable for young businesses.
Invoice Discounting is the same as Invoice Factoring, but without the credit control. This is due to the company already having an in house credit control function, which they don’t have to then outsource. This is most suitable for mature businesses. Invoice discounting is usually confidential and disclosed, compared to invoice factoring.
Speak to us today, and find out the best cash flow solution for your bespoke requirements.
It is very difficult to provide one figure for costs.
The costs are a percentage of the business turnover, plus the annual discount rate (or sometimes knows as interest rate). Fees will be bespoke to the individual client and depend on the size of the business and the size of the customer base. The most customers, generally means the greater the cost.
For invoice discounting the entry level cost is often higher, however fees will cost less as invoice discounting doesn’t require the facility to carry out credit control on the business’ behalf.
Because invoice finance is secured against your invoices there may not be any need for additional security.
It can vary depending on the size and complexity of your application, but we generally aim to have the finance in place within 2 – 5 days.
There are more than 40 invoice finance lenders in the market, each with their own rates, credit policies and application processes.
And eligibility criteria is changing frequently, especially in the current climate. Which is why you need an invoice finance broker.
As an invoice financing company, our team have decades of experience in invoice finance, and will save you valuable time and money by identifying the most appropriate lender for your needs, at the best rates available and by managing your application for you, all the way to completion.
We source a range of cashflow solutions for businesses like yours, these include Asset Finance, Merchant Cash Advances and we can even help you source funding through the government’s Recovery Loan Scheme. Get in touch today!
- What is business invoice finance?
- Am I eligible for invoice finance?
- Why should I use invoice financing?
- What's the difference between an invoice factoring and an invoice discounting facility?
- How much does invoice discounting and invoice factoring cost?
- Do I need to provide any security for an invoice finance facility?
- How long does the application process take?
- Why use Newable Finance?
- What other cashflow solutions do you provide?
Invoice finance allows your business to release cash against your outstanding customer invoices before they’ve been paid.
The main forms of invoice finance are invoice factoring and confidential invoice discounting. We will discuss these options with you and help you choose the right solution for your specific circumstances.
Invoice finance or invoice funding is available to any UK business that is selling to other businesses on credit terms (‘B2B’). It is ideal if your customers are on extended payments or take a long time to pay.
Invoice finance gives you fast access to cash you’re owed, helping to improve cash flow so you can run your business smoothly and efficiently while building working capital.
It’s much more flexible than a bank overdraft or a loan, because the amount of finance to you increases as your business grows.
Invoice factoring, also known as financial factoring, enables you to obtain cash against your unpaid invoices immediately. This means you don’t have to wait for your customers to finish their payment terms, until you receive the money. Invoice factoring incorporates credit control, where an external advisor will complete this on your behalf. Typically, Invoice Factoring is not confidential as the Invoice factoring company will contact your clients on your behalf, however the option for confidential factoring is possible. This is most suitable for young businesses.
Invoice Discounting is the same as Invoice Factoring, but without the credit control. This is due to the company already having an in house credit control function, which they don’t have to then outsource. This is most suitable for mature businesses. Invoice discounting is usually confidential and disclosed, compared to invoice factoring.
Speak to us today, and find out the best cash flow solution for your bespoke requirements.
It is very difficult to provide one figure for costs.
The costs are a percentage of the business turnover, plus the annual discount rate (or sometimes knows as interest rate). Fees will be bespoke to the individual client and depend on the size of the business and the size of the customer base. The most customers, generally means the greater the cost.
For invoice discounting the entry level cost is often higher, however fees will cost less as invoice discounting doesn’t require the facility to carry out credit control on the business’ behalf.
Because invoice finance is secured against your invoices there may not be any need for additional security.
It can vary depending on the size and complexity of your application, but we generally aim to have the finance in place within 2 – 5 days.
There are more than 40 invoice finance lenders in the market, each with their own rates, credit policies and application processes.
And eligibility criteria is changing frequently, especially in the current climate. Which is why you need an invoice finance broker.
As an invoice financing company, our team have decades of experience in invoice finance, and will save you valuable time and money by identifying the most appropriate lender for your needs, at the best rates available and by managing your application for you, all the way to completion.
We source a range of cashflow solutions for businesses like yours, these include Asset Finance, Merchant Cash Advances and we can even help you source funding through the government’s Recovery Loan Scheme. Get in touch today!
