INVOICE FINANCE
Invoice finance is a way for a business to free up cash tied up in invoices therefore speeding up cashflow. This is done by selling those invoices to a funder who will pay out part of the invoice upfront for a percentage of the invoice.
How it works
- You provide the goods/services to your customer and invoice them
- We send the invoice details to the invoice finance provider
- A percentage of the invoice value is paid to you
- If you choose invoice discounting, you continue to chase invoice payment as usual
- If you choose invoice factoring the funder will chase the invoices up
- When the debtor pays the invoice to you the remainder of the invoice value that you didn’t receive is then paid to you less a fee