Release the cash tied up in your invoices
Invoice finance is a crucial funding option for growing businesses. It allows you to draw funds against your invoices when they are raised rather than waiting on payment terms of up to 120 days in some cases. You can have an invoice facility regardless of whether you are a new start or fully fledged business and the finance is not sector dependent. Options are available for businesses in all industries from recruitment to wholesale, and construction to manufacturing.
There are several types of funding that is available against invoices:
Confidential
A solution for those who already have a solid financial system in place, CID provides working capital against your invoices without the need for a lender to operate your credit control. Utilizing CID can offer short term working capital when your business needs it most. In some instances, your money will be released immediately.
Factoring
This is a flexible and cost effective alternative to bank loans and overdrafts for start-ups and other fledgling businesses. Your business gets instant access to the cash flow you need to grow without having to worry about high interest rates or inflexible long term repayment terms.
Selective
Selective invoice finance allows you to factor a particular debtor or group of debtors within your company’s wholesale ledger. This is unlike a traditional factoring facility where you are required to factor your whole turnover and sales ledger. With spot factoring, cash can be released from a single invoice at any time within its payment cycle.
Full Asset Based Lending
Asset Based Lending (ABL) provides funding against the value of the multiple assets within your business, including debtors, stock plant & machinery and property. With asset based lending, the cash held within these assets is then released to provide additional working capital.
If you want to learn more about our services, please don't hesitate to contact us. Our team is ready to provide detailed information, answer any questions you may have, and help you find the solutions that best meet your needs.
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Finance for Forces is a trading style of North Star Commercial Finance Limited which is an independent commercial finance broker not a lender, as such can introduce you to a wide range of finance providers depending on your requirements and individual circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Finance for Forces may receive a payment (s) or other benefits from the finance provider if you decide to enter into an agreement with them. North Star Commercial Finance Limited trading as Finance for Forces is an Appointed Representative of Goodman Corporate Consultancy Ltd which is Authorised and Regulated by the Financial Conduct Authority No. 733340
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