Why are SMEs choosing Invoice Finance?

Invoice Finance services are ideal for businesses that face cashflow challenges and want a factoring company to manage collections from their customers. It can close the gap between raising customer invoices and getting paid. At the same time, it can free up your time because we manage your invoicing and debt collection processes. Whatever your ambitions, Invoice Funding can help turn them into reality. From growth plans to taking over a business. We have tailor our funding service around your businesses requirements. We ensure you get the funding that’s right for you.

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The benefits of Invoice Finance

The benefits of Invoice Finance

Before opting for invoice finance, a quarter of firms were interested in the product because they thought it may be cheaper than other options available. Meanwhile, another quarter wanted a fast way to access cash, and believes this type of funding is a quick option.

The responses indicate that company chairmen are motivated by cost of the product, with a third hoping it would be an affordable option. Meanwhile, over two thirds financial directors/CFOs were driven by the speed of acquiring funding.

Once companies have invoice finance their motivations behind using it change. The majority of respondents found the product simple to use in practice, and cite this as their main reason for continuing to use it. Additionally, one in five firms believe it is the best way to access cash.

Why are SMEs Looking for Finance

Why are SMEs looking to take out finance in the year ahead? 47% company chairmen would like to invest in new equipment, while 48% CEOs are looking to hire new staff. Products such as invoice discounting or factoring allow a flexible way to fund these investments, as the amount borrowed can grow along with business. Asset based lending is an additional option, where invoice finance is coupled with capital released against other business assets such as stock, property, and plant and machinery. Asset based lending is ideal for larger businesses looking to raiser higher amounts.


Working with a partner such as Invoice-funding.co.uk and Close Brothers has many benefits, including access to personal advisors who can help find the right business funding with industry-specific financial planning. To view the top 10 invoice funding companies and see if any of them offer a financial solution you could use.

If you would further help with Invoice Finance products for your business, please complete the online enquiry form. once it has been received a funding expect will contact you by return.

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One Comment

  1. […] to deliver business growth even more so since the credit crunch. The benefits offer a flexible alternative invoice funding to traditional bank financing and provides ongoing stability for your business. The process has […]

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