Selective Invoice Finance

  • Selective Invoice Finance is a quick and effective way to release cash from unpaid invoices
  • Access up to 85% of the gross value of each invoice
  • Helps maintain a regular cash flow and enables you to meet bills, wages and other key operating expenses
  • You can retain the credit control management and also have a confidential facility
  • All facilities are operated online making the account run smoothly

 

As with factoring and invoice discounting, the factoring company will purchase the invoice but will allow you to pick and choose which ones you wish to fund. Selective invoice finance solves a one off working capital requirement for a business but is not a long-term solution. 

Selective invoice finance allows you immediate access to cash tied up in your unpaid invoices, which could be as much as 90% against the gross values of each invoice outstanding, which means you don’t have to wait 30, 60 or even 90 days for your customers to pay and it helps provide you with the cash flow to pay suppliers, wages etc.

The factoring agency will either allow you to retain the credit control or you can simply pass this across for the factoring company to undertake. Either way, it will help solve the immediate need for cash flow.

 

The selective invoice factoring process is simple

A business sells their chosen invoices to a factoring company, who provide up to as much as 90% of the gross value of each invoice assigned and the money is made available instantly and will help ease your cash flow, without you having to chase for payments.

Being an independent factoring broker we are not tied to any one lender within the market and you will benefit from our years of experience allowing us to present you with the best options available for your business.

Whether you’re starting a new business, already established, if you are looking to improve your current agreement or simply want to improve your cash flow and are unsure which type of invoice finance facility will suit your business, contact us on 01789 761 374 and speak to an advisor today.

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