A finance provider buys your outstanding debt, so you immediately have access to cashflow. You don’t have to wait for customers to pay in line with 30-90+ day due date as you receive most of the invoice value (typically 70-90%) upfront.
Invoice finance providers can manage credit control (invoice factoring) or let you retain control over your payment collections (invoice discounting). Once the customer pays, the provider gives you the remaining balance minus the fees.
Benefits
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We have a client who is a re-seller in the plumbing sector. For years they have bought goods from UK manufacturers but they have the option to buy the same … Far better margins if we buy direct from abroad
An existing client of ours saw an opportunity to acquire a competitor where the owner wanted to retire. XL Business Finance were able to use the assets from the existing … Buying a competitor