What is invoice finance?

Do you find you spend too much time chasing late payments and not enough time getting paid for the work you’ve done or good you have sold?

Are you looking for a way to inject cash into your business but don’t want to take out a loan?

Invoice Finance can help!

Invoice Finance is ideal for business who have been the victim of late payments or has cashflow issues. It allows businesses to sell their invoices to funders/lenders in order to improve working capital. This way of financing is easier than most financing routes as you are technically selling an asset rather than getting a loan.

Invoice Finance enables you to unlock the funds tied up in one of your biggest assets; outstanding customer invoices. Giving you an immediate cash injection and then an ongoing supply of funds into the business based on your level of sales.

The most important requirement to qualify is to have invoices from creditworthy commercial clients. As a result, invoice financing is available to small businesses that don’t have substantial assets or a long credit history.

Many business benefit from using an invoice finance facilities such as:

  • Fast-growing firms lacking the capital resources and cashflow to fund expansion plans.
  • Start-up businesses and young companies with a turnover of at least £50,000 per annum (all funding decisions are based on the strength of current sales ledger and not past trading performance).
  • Larger businesses looking to fund a range of major transactions – such as Management Buy-Outs (MBOs), mergers and acquisitions.

Whether it’s to improve cashflow or finance growth, ABL Business will work with you to get the best Invoice Finance facility in place. Call us today on 01274 965356 or email us on info@abl-business.co.uk.

Download our FREE Guide to Invoice Finance for a more detailed look at how invoice finance can improve your cashflow.