Invoice Finance Brokers

Last updated on January 18th, 2022 at 03:59 pm

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

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?

What Are The Different Types Of Invoice Finance?

There are three different types of invoice finance facility, Factoring (Includes Credit Control), Discounting (No Credit Control) and Single Invoice Factoring for one off transactions.

We can help you decide which is the best option for you.

Click here to read our full article comparing Invoice Discounting vs Factoring.

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 invoice finance 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

Find Out More About Invoice Finance

Lots of businesses come to invoice finance brokers like ourselves to get a facility in place. Here are some of the common questions we get asked and other useful information.

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.

Key Criteria

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
Some banks and Lenders will have their own minimum requirements on turnover, sectors and other factors. However we can assist in guiding you to lenders that will match your individual circumstance.

Key Features

  • Release Cash Tied Up In Invoices (Up to 100%)
  • Fast Access To Funding
  • Revolving Credit Facility
  • With or Without Credit Control
  • Disclosed or Confidential

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.

The amount of involvement the lender has in your credit control will vary by lender and also depending on if you are Factoring or Discounting.

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
We do not charge any broker fees on Invoice Finance applications. However we may receive a commission for introducing you to a lender, should you take finance.

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:

Other Potential Fees May Include:

  • Bad Debt Protection (BDP)
  • Refactoring Fees
  • Credit Note Fees
  • Annual Review/Renewal
    Survey Fees

Get in touch to have a no obligation chat about what your options may be and the potential costs involved.

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.

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
  • Exporters
  • Security Providers & Installers
  • Wholesalers & Importers
  • Marketing agencies
Invoice finance is not available for B2C businesses.

An Invoice Finance Broker searches the market to find you the facility you need for your business. We can compare quotes, negotiate offers and assist through the whole application process.

An experienced broker like ourselves, can help package and present your application to appropriate funders. This can help to improve chances of acceptance and this means less work for business owners and directors.

We have a large panel of trusted invoice finance partners that we work with to find you the finance you need.

Further Information About Invoice Finance

Invoice Finance Brokers Manchester

If you are looking for a Manchester 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
  • Invoice Finance Manchester

Get A Free No Obligation Invoice Finance Quote

As an independent Invoice Finance Broker, we can assess your options and arrange quotes.

Call us on 0161 5469128 or fill in the form below and one of our brokers will get in touch straight away.

Free Invoice Finance Quote

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