Is business slow? Are your clients slow at paying you on time? This can have a detrimental effect on your business and these problems can generally only be avoided if you have big bank balance from which you can pay off your employees and suppliers.

A business loan is often not an option for many companies. Banks may offer you the funds, but need to see your audited accounts, and this can be time consuming.

Invoice financing is preferable as funds could be with you in just 2 days, which minimises long payment periods. The factoring company can provide you with the cash to pay your employees and suppliers, and in turn boost your business.

How does the invoice finance transaction work?

• The first thing that you do is deliver the goods to your customers and generate an invoice for them.

• Then you send the invoices to the factoring company, who then pays you up to 85% as your initial instalment.

• Finally the customer pay the invoice, the outstanding amount is provided to you and your transaction is complete.

The cost of invoice factoring depends on how long you require the money for and the commercial quality of your customers.

Invoice financing can be set up easily and is great business option.