What is Invoice Finance?
Selective Invoice Finance is an on demand line of credit secured by one or more outstanding sales invoices. Submit only the invoices you would like funding against. Offer just one invoice or multiple invoices at any given time - it's your choice. Our flexible fee structure allows you to choose the funding period. The shorter the period, the cheaper the finance.
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HOW IT WORKS
UPLOAD INVOICE
You invoice your client directly, and upload the invoice to us.
24 HOUR APPROVAL
We will pay up to 95% of the value of approved invoices, less our fees.
CASH ADVANCEMENT
The remaining 5% becomes available, when the invoice is paid in full.WHAT ARE THE BENEFITS OF INVOICE FINANCE?
It is a powerful standalone business finance facility, which helps because:
- Easy access to additional finance
- 24 hour approval
- No minimum period and no minimum fees
- No non-usage fees or re-activation fees, provided the account remains open.
WHO IS INVOICE FINANCE SUITED TOWARDS?
Typically, invoice finance can be implemented in almost any business, however, it is most often used by the following:
Seasonal businesses. Typically those that suffer from cash flow issues. Invoice financing enables businesses with seasonal movements to keep cash flow consistent.
Small to medium businesses. If clients are slow to pay, then this can cause disruption to cash flow in small businesses. Invoice finance offers a way to ensure consistent payments.
Enterprise businesses. Invoice financing is also used by large businesses and enterprises when they are affected by late payments or long payment terms, such as 90 days or more.
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