Invoice finance gives you access to the cash that your business requires by unlocking funds held in your outstanding invoices.
The lender will make available funds immediately to a pre arranged percentage of your invoices raised.
Invoice factoring works well for smaller businesses who have limited or no book keeping or credit control function in house. Factoring is generally disclosed to your clients, and outstanding invoices are collected by the factoring company.
Invoice Discounting works well for businesses that have access to book keeping or credit control function, and can collect/chase outstanding debt. Invoice discounting is generally confidential, and outstanding invoices are collected by the business.
Gives you access to the cash that your contracting or construction business requires by unlocking funds held within contracts. Construction finance has been specifically developed to support contracting and construction businesses to fund their daily cash requirements.
Construction finance operates in a similar way to Invoice discounting.
To find out more information on our Invoice Finance options from one of our Commercial Finance Specialists please contact us below: