What is it?
Invoice financing is a facility for businesses which releases up to 90% of an invoice value within 24 hours of the invoice being raised. It bridges the gap between raising invoices and waiting to be paid. It is usually used as a cash advance for a business.
It allows businesses great flexibility, helping with cash flow & business growth.
Uses of Invoice Finance
- New start ups
- Supporting growth
- Purchasing business premises
- Helping fund management buy outs, mergers, acquisitions
- Overcoming a restrictive overdraft limit.