Running a business can be a juggling act, especially when it comes to managing cash flow. Waiting for customers to pay invoices can put a strain on your finances and hinder growth. That’s where invoice finance comes in.

Invoice finance allows you to access the cash tied up in your unpaid invoices, providing a steady stream of working capital to fuel your business operations. Here are some key benefits of using an invoice finance facility through a commercial broker:

• Fast access to cash: Receive up to 90% of your invoice value within 24 hours, giving you immediate access to funds.
• Flexible contracts: Enjoy flexible terms, such as 30-day rolling contracts, allowing you to adapt the facility to your needs.
• Improved cash flow: Smooth out cash flow gaps and ensure you have the funds to pay suppliers, employees, and invest in growth opportunities.
• Reduced credit risk: Minimize the risk of bad debt with credit control services often included in invoice finance facilities.
• Frees up time: Focus on core business activities instead of chasing payments, as the finance provider handles credit control and collections.
• Scalable solutions: As your business grows, your invoice finance facility can scale to accommodate your increasing turnover.

How it works:

1. You deliver goods or services to your customers and issue invoices.
2. You send a copy of the invoice to the invoice finance provider.
3. The provider advances you a percentage of the invoice value (e.g., 90%).
4. The provider collects payment from your customer.
5. You receive the remaining balance, minus fees, once the customer pays.

Working with a commercial broker:

A commercial broker can help you find the best invoice finance facility for your business needs. They can compare quotes from different providers, negotiate terms, and guide you through the application process.

If you’re looking to improve your cash flow and unlock the value of your invoices, invoice finance could be the solution you need. Contact us today to learn more about how we can help.