Invoice funding is now mainstream. It is the most popular form of funding for SMEs.
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Our team of specialists provide free business funding reviews to discuss your options. We work with all major lenders and will help you consider which finance is best for you. Typical facilities we advise on include invoice discounting, invoice factoring, asset-based lending, bridging loans, business loans and more. If you have a need to improve your cashflow and working capital don’t hesitate to get in touch.
Invoice factoring (also known as debt factoring) is a great alternative to bank loans, overdrafts or credit cards. It can bridge the gap between raising customer invoices and getting paid. It also frees up your time because the funder manages your invoicing and collection processes for you.
If on the other hand you prefer to manage credit control in-house, you should think about using invoice discounting. You retain the relationship with your customer and chase payments direct. In fact, the customer need never know you have a facility in place.
Asset Based Lending
Asset based lending is a type of financing that is secured by company assets. Most asset based loans are structured to work as revolving lines of credit. This structuring allows a company to borrow from assets on an ongoing basis to cover expenses or investments as needed.
If your business needs short term finance for a big purchase such as a new business, or even an office move a commercial bridging loan could help. They are used when there is a gap in financing that needs filling quickly.
There are many options for funding your company fleet or even one or two vehicles. Each option has plenty of benefits for your business and can bring significant savings.
A completely independent broker we guide you from your very first enquiry through to renewals and beyond.
Invoice discounting and invoice factoring increasingly popular
Most SMEs hit cashflow challenges at some point and it is important to know all of the funding options available to you which can help. Awareness of invoice funding in the form of invoice factoring and invoice discounting remains low whilst it is an extremely effective, low risk way to free up cashflow and working capital. We find many clients select this facility once we make them aware of how much it can help and the low cost it carries.