Invoice Finance unlocks cash tied up in your business so you can concentrate on growth.
Service benefits
- Improved Cash Flow: Say goodbye to cash flow gaps that hinder your business operations. With Invoice Finance, you can convert your unpaid invoices into readily available funds, ensuring a steady stream of working capital.
- Quick Access to Funds: No more waiting for your clients to pay. Get access to a substantial portion of your invoice value within hours, enabling you to meet your financial obligations promptly.
- Business Flexibility: Whether you're looking to expand your business, launch new products, or invest in marketing campaigns, Invoice Finance gives you the flexibility to seize opportunities as they arise.
- Reduced Credit Risk: We take on the responsibility of credit checking your clients and managing collections. This reduces the risk of bad debt and allows you to focus on growing your business instead of chasing payments.
- Tailored Solutions: At [Your Company Name], we understand that each business is unique. Our Invoice Finance solutions are customizable to align with your industry, cash flow patterns, and growth goals.
- Confidentiality: Our services can be provided confidentially, so your clients won't necessarily know about our involvement in the financing process.
- Professional Support: Our team of financial experts is dedicated to providing you with the best support and guidance throughout your Invoice Finance journey. We're here to answer your questions and help you make informed financial decisions.
How much can my business borrow?
The amount you can borrow is dependent upon your monthly card takings turnover, this is taken as an average over the last six months. The greater the sales turnover that goes through your card machine, the larger amount you can get advanced. Subject to underwriting the funding you could receive via a merchant cash advance could be up to 150% of your monthly card turnover meaning you could receive a larger sum.
How much does the Merchant Cash Advance cost?
The cost to your business is calculated on something that is called a factor rate, this gives you a total repayment figure. When you make a sale and your customer pays by card a percentage of that sale goes to make the repayment of the loan amount until it is paid off in full.
Are merchant cash advances right for my business?
Merchant Cash Advances can deliver a number of benefits for your business. This type of funding allows access to business finance in a shorter time than a high street bank, decision in principle for approval can be made in within just 24 hours. Application processes are quick and simple with a minimal paperwork required. This is due to the lender requesting all the information requested from your merchant provider.
