Invoice Finance Solutions
Invoice financing that supports your business
Your business can benefit from an injection of cash through releasing funding tied up in outstanding customer invoices or other business assets.
Keeping your cashflow moving with invoice finance solutions will give you more flexibility to grow your business in the way you want.
The capital released with invoice financing can be used to help you fund a wide variety of projects including business expansion, mergers and acquisitions or simply acquiring new plant and machinery or premises.
These are just a few of the situations where a cash injection can make all the difference to your company’s future growth and prosperity, allowing expansion or acquisition targets to be achieved or new contracts serviced.
How does invoice financing work?
Invoice finance is a form of asset-based finance that requires no further security but can provide a much needed cashflow injection for a business of any size. Invoice finance is a flexible form of business funding which releases cash tied up in outstanding customer invoices.
How does it work?
Our team of experts at Anglo Scottish not only provide flexible funding solutions, but also deliver a simple invoice financing cycle that will keep your cashflow moving.
Step One: Send out invoices to your customers and send us a copy
Step Two: Receive advance funding at a pre-agreed percentage of the invoice value
Step Three: Upon receipt of your customers’ payments, you’ll receive the remaining invoice amount
Step Four: Your cashflow is maintained, leaving your business in a healthy position, ready for growth
Different types of invoice finance solutions
There are two main types of invoice finance: factoring and invoice discounting.
What is factoring?
Factoring invoices can provide you with a cash injection into the business of up to 90% of the invoice value, providing full credit control and sales ledger management, by sending relevant, timely letters and statements to customers to help speed up payments.
What is invoice discounting?
With invoice discounting, the main difference is that you retain control of the sales ledger and credit control activity, but you’re still able to take advantage of cash advances of up to 90% of the invoice value. Typically a confidential service, invoice discounting of this kind can be for domestic or export sales.
Another option is that of trade finance which can provide you with upfront funding against confirmed orders, open up letters of credit facilities on behalf of the business, and provide direct supplier payments or even a cash advance.
It is suitable for businesses who have confirmed purchase orders or supply contracts from reliable sources.
Why choose invoice finance solutions?
Since the credit crunch of 2008, invoice financing has become a crucial form of business funding. This is because traditional forms of lending have become more difficult to secure, with smaller businesses in particular needing to look at the full range of finance options available.
Some 80% of all asset-based finance last year comprised invoice finance, which accounted for £17.9 billion of overall funding provided to businesses.
Could your business benefit from invoice finance solutions?
What are the benefits of invoice finance?
- It’s sustainable. Invoice financing provides you with the opportunity to develop your business in a safe and cost-effective way.
- It’s flexible. Any invoice finance services you request from our team of experts will be discussed at length and adapted to your specific needs.
- It adds value. Invoice finance solutions mean any pending payments are pushed through more efficiently, and leave you with the capacity for business growth and development.
Please note that these financing solutions are for business entities only and are not available to private individuals, sole traders or partnerships. Provision of the services outlined on this page is not a regulated activity covered by the Financial Conduct Authority.
How Anglo Scottish can provide you with invoice financing to maintain a healthy cashflow
Whether you’re planning on funding new IT equipment or require the capital to organise a complex acquisition, we can provide you with an initial consultation to establish your requirements, following up with cashflow solutions that are tailored specifically to you.