Giving you fast access to funds – with Invoice Discounting

Invoice discounting gives you fast access to some of the funds your customers owe you, but unlike invoice factoring, you collect payment from your customers. It's a cost-effective way to boost your cashflow and your customers need never know you are using it.

How business invoice discounting works

Based on your business' status and requirements, we'll advance a percentage of your total outstanding sales ledger, usually 90%.

As soon as you send us invoice details (usually electronically), we'll advance the funds. Once your customers have paid, we release the remaining funds. We'll recalculate the funds available to you after every new transaction, so you always know where you are.

Whatever your requirements, we'll work with you to establish the right terms for your business.

 Quick guide to Invoice Discounting

Key highlights:

• You collect the debts and do the credit control
• Confidentiality - customers needn't know you are using an invoice discounting facility
• Recourse facilities - choose who recoups any unpaid invoices
• Available for businesses with £500,000 turnover or above (others also considered)

Typical businesses we help include:

• Distributors
• Printers
• Business services providers
• Manufacturers and wholesalers
• Transport firms
• Employment agencies
• Engineering

Is invoice discounting right for you?

Consider invoice discounting if your business:

• Sells products or services on credit to other businesses
• Has an annual turnover of at least £500,000 - although we may consider smaller businesses
• Has a proven profit track record.

If you do not have a credit control function in-house, you may find debt factoring a better fit for your business.

To find out more about how invoice discounting could work for your business, talk to us on 0333 321 4000.