Invoice Finance releases cash currently tied up in outstanding customer invoices – ideal for funding expansion plans or improving your cashflow. There are two main types: factoring and invoice discounting.
How does Invoice Finance work?
Step 1: Invoice
Simply send your invoice to your customers and a copy to your provider.
Step 2: Receive funding
The provider advances an agreed percentage of the invoice value to you, minus a fee.
Step 3: Customer payment
The remaining percentage is returned to you upon customer payment.
For further information how the process works and how it could help your business click here