We are an independent Invoice Finance Brokers, offer support to businesses in Manchester, Bolton and across the UK.
Invoice finance helps you release funds tied up in unpaid invoices, so that its easier to manage your cashflow. For businesses waiting anything from 15-120 days to get paid from customers, Invoice Finance could be the solution you have been looking for.
Does your business have or require an Invoice Finance lending facility?
If so we can assist you with comparing available providers, guide you through the application process and provide on going independent support.
As well as a large range of potential invoice finance lenders, there are also many different products available. Such as Invoice Discounting, Invoice Factoring and also one off Single Invoice Factoring.
We Do Not Charge Any Broker Fees For Invoice Finance Applications
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Independent Invoice Finance Brokers UK
Gone are the days of relying on a bank manager to solve all your business funding requirements.
There are now a wide range of different invoice finance lenders in the UK, catering to a wide range of sectors and circumstances. Release up to 100% of your invoice value, either for all your debtor book or just one invoice.
Would having a reliable named contact that you can speak to any day of the week be useful to you and your business?
We work with a large number of Invoice Finance providers that cater for a large variety of circumstances, sectors and requirements.
If you have been declined by your bank or another provider, we still may be able to help. We can cater for:
- New Start Ups
- Fast Growing Businesses
- Contractual Debt
- Work In Progress & Application For Payment Debt
- Export Debtors & None-UK Customers
- Companies With Bad Credit & CCJs
- Phoenix Companies
- Directors With Past Insolvencies
What Is Invoice Finance?
Invoice Finance is a type of business lending that is secured against your outstanding debtor book. If you are owed money from your customers, you can release up to 100% of the outstanding value. This only applies if you trade B2B and offer credit terms to your customers.
In order to use invoice financing in your business, you must meet the following criteria:
- Trade With Other Businesses (B2B)
- Offer credit terms to your customers, such as 30 days payment terms after invoice
- Release Cash Tied Up In Invoices (Up to 100%)
- Fast Access To Funding
- Revolving Credit Facility
- With or Without Credit Control
- Disclosed or Confidential
How Does Invoice Financing Work?
An Invoice Finance company will agree to pay you a set percentage of your outstanding invoices.
For example if your debtor book is £100k and they agree to a 90% payment percentage, the lender will make £90k available for you to draw down as required.
Any applicable fees and/or interest will be deducted from the available balance. Once your customer pays the invoice, the balance is cleared with the lender.
What Are The Different Types Of Invoice Finance?
There are three different types of invoice finance.
- Invoice Factoring – Includes Credit Control
- Invoice Discounting – Confidential No Credit Control
- Single Invoice Factoring – One Off For Large Invoices
We can help you decide which is the best option for you.
Popular Sectors & Industries
Invoice finance is commonly used in the following industries. However it can be suitable for most sectors that trade on credit terms.
- Manufacturing Companies
- Engineering Firms
- Transport, Logistics & Haulage
- Recruitment & Staffing Agencies
- Construction & Builders
- Security Providers & Installers
- Wholesalers & Importers
- Marketing agencies
How Much Does Invoice Financing Cost?
The fees vary significantly between lenders and will be dependent on a large number of factors. Things such as your turnover, sector and credit profile will have a large impact on pricing.
The main fees you need to be aware of are:
- Setup/Arrangement Fee
- Service Charge
- Interest/Discount Fee
Other Potential Fees May Include:
- Bad Debt Protection (BDP)
- Refactoring Fees
- Credit Note Fees
- Annual Review/Renewal
Get in touch to have a no obligation chat about what your options may be and the potential costs involved.
How To Sell Invoices?
When you use Invoice Finance, the lender is essentially purchasing the debt from you. You “sell” your invoice for an agreed fee so that you don’t have to wait for your customer to pay the invoice.
This can be done on a ongoing revolving basis or just as a one off standalone transaction. This frees up money to help your cashflow.
Why Use An Invoice Finance Broker?
There are a number of benefits of working with an expert Invoice Finance Brokers, such as ourselves. You will benefit from our market knowledge, we will make sure you are not wasting time applying with Invoice Finance companies that you don’t qualify for.
We work with a large number of different Invoice Finance lenders to cater for a large range of sectors and circumstances.
Rather than submitting your details to multiple lenders directly, we do the hard work for you and you just have one point of contact.
Benefits of Using A Broker
- We search the market for you
- Single point of contact
- Independent Invoice Finance experts
- Fast Quotes & Funding Approvals
- Questions answered and jargon explained
- Help with niche & difficult funding requirements
- Assistance with negotiations, forms and applications
Further Information About Invoice Finance
You may be interested in reading some of our articles covering popular Invoice Finance topics. Please see our recent articles below:
Get A Free No Obligation Invoice Finance Quote
As an independent Invoice Finance Broker, we can assess your options and arrange quotes.
Fill in the form below and we will get in touch straight away.
Invoice Finance Brokers Manchester
If you are looking for a locally based invoice finance broker, our head office is in Greater Manchester. We can arrange quotes for factoring & invoice discounting in Manchester.
We offer a face to face service for all Manchester based companies and right across North West England.
We also assist businesses in Bolton, Blackburn, Preston, Liverpool, Wigan, Bury, Chorley and across the UK.
- Source an invoice finance company for your specific requirements
- Help gathering the required information
- Professional presentation of your requirements to lenders
- Liaise with our large panel of UK Invoice Lenders & providers