Invoice Discounting
What is it?
- Invoice Discounting can improve your cash flow by providing an immediate injection of cash against the value of your outstanding invoices.
- You are given up to 85% of the value of your outstanding invoices. The remaining 15% is paid to you once your customers pay their invoices.
- Your business has access to an ongoing supply of cash which grows in line with your sales
- You would have 24-hour Internet access so you can keep track of payments received and the amount of funding available to you.
- Your customers make payments via a specialist bank account.
- You retain control of your collections process.
Is your business suitable?
- Ideally your business needs to be turning over in excess of 0.5 million per annum and trading profitably in order to qualify for an invoice discounting service.