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How invoice finance works
From your first enquiry to managing an ongoing funding facility.
Tell us what your business needs
Explain what you sell, who you invoice and what you want finance to achieve. Typical payment terms, outstanding invoice value and your approach to collections are useful starting points.
An initial enquiry is not a formal funding application or a commitment to accept a facility.
Compare the funding approaches
Factoring combines funding with collections support. Discounting usually leaves collections with your business. Compare costs, customer involvement and operational requirements together.
Your circumstances and the provider’s assessment determine which options are available. A headline advance percentage is only one part of the decision.
Provider assessment and terms
The provider reviews financial information, customer risk and invoice eligibility. It may request accounts, an aged debtor report, contracts and supporting records.
An offer should explain advance levels, fees, security, reporting and contractual obligations. Ask for clarification on anything you do not understand before signing.
Set up the facility
Agree how invoices will be submitted and how customer payments will be collected or allocated. Check the minimum term, notice period, any guarantees and how unpaid or disputed invoices are treated.
Access funds and keep records current
Eligible invoices support the funding balance. As customers pay and new invoices are raised, availability changes. The remaining balance is released after advances and charges are accounted for.
Keep reporting accurate and notify the provider promptly about disputes, credit notes and other changes. Review the facility as your business grows or its customer mix changes.
Explore your invoice finance options
Tell us about your business, your invoices and what you want funding to achieve.