Invoice finance
Turn unpaid invoices into working capital.
You’ve completed the work. You’ve invoiced your customer. But payment isn’t due for another 30, 60 or 90 days. Invoice finance can potentially allow eligible businesses to access part of the value of qualifying outstanding invoices earlier.
Finance is subject to status, eligibility and approval by the relevant finance provider.
The gap
Where your cash is waiting
Illustration: a typical invoice cycle
Not to scale. Terms vary by provider.
Why
Why businesses use invoice finance
Invoice finance may help businesses:
- Improve cash flow
- Pay employees and suppliers
- Take on larger contracts
- Manage long customer payment terms
- Support rapid growth
- Reduce working-capital pressure
Options
Factoring and discounting
Invoice Factoring
The finance provider advances funds against eligible invoices and may also help manage customer collections.
- Collections
- May be managed by the finance provider
- Often considered by
- Businesses that want support with credit control
Invoice Discounting
Funding is provided against eligible receivables while the business generally retains greater control over its customer relationships and collections.
- Collections
- Generally handled by your business
- Often considered by
- Businesses with established credit control
Which structure is available, and on what terms, depends on the provider, your customers and your invoices. Read: Invoice Factoring vs Invoice Discounting
Related
Other ways to fund your business
Business Loans
Explore commercial funding for expansion, stock, recruitment, new contracts, refurbishment, marketing and other business investments.
Explore Business LoansAsset Finance
Finance business vehicles, machinery, equipment and technology while preserving working capital.
Explore Asset FinanceWorking Capital Finance
Access additional funding to help manage cash-flow requirements, suppliers, payroll, stock and business growth.
Explore Working Capital
Get started
Explore your invoice finance options.
Tell us about your limited company and what you need. We’ll review your requirements and contact you to discuss potential options.
Finance is subject to status, eligibility and approval by the relevant finance provider. For UK limited companies only.