Invoicefinance
unlock your cashflow potential
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0845 051 9411With most businesses, slow cash flow is the problem that is most likely to close them down. It is a hard fact of business life that most of your time is spent chasing money that you earned weeks or months ago.
As time goes on, more and more businesses fail because of this.
Because you are waiting for payments, your suppliers are late getting paid. You can’t invest money back into generating more work and you struggle to make ends meet every month.
By factoring your invoices you can avoid these problems and make sure you get your money when you need it, not when it suits your customers to pay you.
How does factoring work?
- Step 1 – You supply your customers with your goods or services.
- Step 2 – You raise the invoice and send a copy to your lender (sometimes you can do this on the Internet)
- Step 3 – Your lender releases an agreed percentage (typically between 80 and 95%) of your invoice value for you to use, less their service charge (usually between 0.5 and 2%).
- Step 4 – Once payment is made by your customer, the lender will release the balance to you.
It’s as simple as that! - Get an instant quote today and start improving your cash flow