invoice finance for businesses in the West Midlands

invoice finance

Improve your cashflow

  • Invoice finance is a quick and effective way to release cash from unpaid invoices

  • You can access up to 95% of the invoice value 

  • 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

OTHER SERVICES

FActoring

  • Allows access up to 95% of the invoice value.

  • The factoring company provide a full credit control facility.

  • Your customer will receive detailed statements and gentle reminders resulting in more accurate payments being made, speeding up your cashflow.

  • The facility is disclosed, so your customers will be aware you're using a factoring company.

confidential FActoring

  • Allows access up to 95% of the invoice value.

    This is a confidential facility

  • The factoring company provide you with a full credit control facility and your customers do not know of the factoring companies involvement.

  • Your customers will receive detailed statements and gentle reminders, send out as it was done by your company and its confidential.

confidential invoice discounting

  • Allows access up to 95% of the invoice value.

    This is a confidential facility

  • This time you continue to utilise your own credit control department.

  • In this instance, nothing changes and your customers will not be aware of the factoring companies involement.

invoice finance with bad debt protection

Some factoring providers will also offer bad debt protection also known as "non-recourse". If one of your customers fails to pay an undisputed debt or becomes insolvent, the invoice finance company will credit you with the amount of the debt up to the approved credit limit, less any agreed excess.

Bad debt protection gives peace of mind as it protects your business against the risks of one or more of your customers failing through insolvency or undisputed debt. It is particularly prudent if you are only trading with one or a handful of customers who you rely on for the majority of your turnover.

How invoice finance works

STEP 1 

Provide your products or services to your customer and send them an invoice

invoice finance for businesses in Leicestershire

STEP 2

Send the invoice details to the invoice finance provider

factoring in Northamptonshire

STEP 3

A percentage of the face value of the invoice is paid to you, usually within 48 hours

Invoice finance in Nottinghamshire

STEP 4

When the lender is paid by your customers, you will receive the balance remaining, minus agreed fees

invoice finance for businesses in the West Midlands
Ready to release your cash?