Invoice finance
Get paid for your work without the wait.
If your customers take 30, 60 or 90 days to pay, invoice finance releases most of an invoice’s value now, so you can keep the business moving.
- Release
- Up to 90%
- of an invoice’s value, typically
- For
- B2B invoices
- Grows with
- Your sales
- Cost to check
- £0
Ranges reflect lenders on our panel. What you’re offered, and the cost, depends on your business and the lender.
Good for
- Businesses that invoice other businesses on credit terms
- Growing firms whose cash is tied up in unpaid invoices
- Wholesalers, manufacturers, recruiters and service businesses
- Taking on bigger contracts without running short of cash
How it works
- 1
You invoice as usual
Raise invoices to your business customers on your normal terms.
- 2
Get an advance
The lender advances a large share of each invoice’s value, often within days.
- 3
Your customer pays
Depending on the facility, your customer pays you or the lender.
- 4
Receive the balance
Once paid, you receive the rest, less the lender’s fees.
Costs and trade-offs
What it costs, honestly.
How it’s priced
Invoice finance usually has a service fee, often a percentage of turnover, plus a discount charge on the money advanced. Facilities can be confidential, where your customers don’t know, or disclosed. Your adviser will explain which suits you and what it costs.
Check the true cost of a quoteWhy people choose it
- Funding grows as your sales grow
- Turns unpaid invoices into working capital
- Some facilities include credit control
Worth knowing
- Usually a minimum contract term
- Only works for invoices to other businesses
- Fees can add up on smaller invoice volumes
What lenders usually look for
Every lender is different. If you don’t tick every box, talk to us anyway: part of our job is knowing who might say yes.
- Regular invoicing to creditworthy business customers
- Clear records of invoices and payments
- Trading for at least 6 months
- Limited companies are preferred by most providers
Will my customers know I’m using invoice finance?
Not necessarily. Confidential invoice discounting keeps the arrangement private, while factoring usually involves the lender collecting payment. Your adviser will explain both.
What’s the difference between factoring and discounting?
With factoring, the lender manages your sales ledger and collects payment. With discounting, you keep control of collections and the facility is usually confidential.
Other routes
You might also consider
- Revolving creditA revolving credit facility gives your business a set limit. Draw what you need, repay it, and the funds are there again next time.
- Business loansBorrow a lump sum and repay it in fixed instalments. An adviser looks across our panel, explains what each offer really costs and helps you choose with confidence.
- Short-term loansA short-term loan is repaid over months rather than years. It suits a specific need with a clear end, such as stock for a busy season or a gap before a contract pays.
Your next move starts with a clearer view.
Tell us what you need. We'll show you the routes that fit your business and help you take the next step.