Invoice Financing

Invoice finance, also known as factoring or accounts receivable financing, is a type of financing that allows businesses to receive cash advances on their outstanding invoices.

Instead of waiting for customers to pay their outstanding invoices, businesses can sell their invoices to a finance provider in exchange for a percentage of the invoice value upfront. The finance provider then collects payment from the customers on behalf of the business and returns the remaining balance, minus fees, to the business.

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Key benefits of Invoice Financing

  • Provides immediate access to cash flow by unlocking funds tied up in outstanding invoices
  • Improves cash flow management, allowing businesses to pay suppliers, employees, and other expenses on time
  • Reduces the risk of bad debt by transferring the responsibility for collecting payment to the finance provider
  • Provides working capital for growth opportunities and investment in new projects
  • Can be a flexible financing option that can be tailored to meet the specific needs of a business, allowing them to choose which invoices to finance and how much funding to receive
  • Can be a faster and easier alternative to traditional bank loans, with less paperwork and no collateral required
  • Improves credit control by ensuring timely payments from customers
  • Can be used to manage cash flow during seasonal fluctuations or periods of growth
  • Helps to maintain good relationships with customers by avoiding the need to chase late payments
  • Can provide businesses with greater financial stability and predictability by offering a reliable source of funding.

The Counting King Invoice Finance Process

1
Online Invoice Finance Calculator

Use our FREE Online Invoice Finance calculator in order to determine how much you could borrow against your invoices!

2
Start Your Application

By providing some vital information, we will be able to contact the perfect partner within our panel of lenders to submit a pre-qualification and receive a decision in principle which will be sent over to yourself.

3
Application Evidence

This is where we compile the necessary documentation the lender has requested in order to approve the submitted application. This includes simple things, such as, a set of your recent accounts, and your cash flow projections.

4
Finance Approval

Subject to you meeting all of the lenders criteria, they will set you up with your facility and give you a tutorial on how to use this going forward.

Use Our

INVOICE FINANCE CALCULATOR

Find Out How Much You Can Claim With Our FREE Invoice Finance Calculator. You can even get the calculation emailed to you for future use.

Invoice Finance Calculator

Invoice finance is a type of financing that allows businesses to receive cash advances on their outstanding invoices. It provides immediate access to funds that would otherwise be tied up in unpaid invoices, improving cash flow and providing working capital for growth opportunities.

Invoice finance works by allowing businesses to sell their outstanding invoices to a finance provider in exchange for a percentage of the invoice value upfront. The finance provider then collects payment from the customers on behalf of the business and returns the remaining balance, minus fees, to the business.

The amount of funding businesses can receive through invoice finance depends on the value of their outstanding invoices. Typically, finance providers will advance between 70% to 90% of the invoice value upfront, with the remainder paid once the invoice is settled.
Businesses can typically access funding within 24-48 hours of submitting their invoices for financing. This makes invoice finance a fast and efficient option for businesses looking to improve their cash flow.
Invoice finance providers charge a fee for their services, typically based on the percentage of the invoice value that they advance upfront. Other fees may include set-up fees, ongoing service fees, and interest charges.

If customers do not pay their invoices, the finance provider will take responsibility for collecting payment. This can help to reduce the risk of bad debt for businesses and improve their credit control.

Yes, businesses can typically choose which invoices to finance and how much funding to receive. This allows them to maintain control over their cash flow and tailor the financing option to meet their specific needs.

Case Studies

Invoice Finance

How we helped a software development firm access £20,000 per month!

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Contact us today to learn more about our invoice financing options and how we can help your business grow.

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