Invoice Finance Brokers

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

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

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
  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
• Couriers
• Recruitment & Staffing Agencies
• Construction & Builders
• Exporters
• Security Providers & Installers
• Wholesalers & Importers
• Marketing agencies

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.