Invoice finance is ideal for businesses that have customers on long payment terms, or who often pay late. Each can create a cashflow gap when it comes to paying staff and suppliers while waiting for invoices to be paid. It can also help businesses who want to take on new projects without taking on extra debt.
Invoice factoring allows you to get the money you’re owed without the wait but the lender will chase up your invoices for you. Invoice discounting offers the same benefit of factoring, but you’re responsible for keeping the relationship with your customers and chasing invoices when necessary.
We have a trusted panel of invoice finance lenders to ensure we can help get your business the right facility to support business growth.