An invoice finance facility is a finance facility provided by an invoice finance provider to help business owners leverage their unpaid invoices in order to provide an instant cash injection into the business.
The lender will release up to 90% of a business’s invoices straight away. On payment of the invoice from their customers, the lender will release the final amount minus any fees and charges. There are different types of invoice financing options available to businesses depending on the situation and the level of control they require in collecting unpaid invoices.
Invoice financing offers a solution whereby payments are collected on your behalf managed by our team of expert credit controllers so you can focus on running your business. Our Confidential Invoice Discounting solution is offered to businesses who want to maintain their own credit control processes, therefore this remains strictly confidential so your customers are unaware of our involvement.
Excellent, fast, competitive and honest service. Highly recommend.
10:52, April 14, 2021
08:42, April 13, 2021
Great service levels
13:04, April 01, 2021
Fantastic Service, Amazing Team
09:04, March 18, 2021
10:44, March 16, 2021
Watch this quick 30 second video to see why you might want to choose Invoice Finance as an option for boosting your business growth by saving time on chasing invoices and receiving funds quickly.
We were the first provider to offer a one fee solution from 0.45% to 5% of your turnover depending on the size of your business. Our Inspired Cashflow product comes with
You can use our invoice calculator to give you an estimate of price and to understand how much cash you could release back in to your business by using Invoice Finance.
Invoice financing has become a popular solution for businesses due to its simplicity and providing funding to businesses quickly to improve their working capital. Waiting 30 - 90 days to receive payment of invoices or late invoice payments can put a financial strain on a business. To avoid running into cash flow problems, businesses can use an invoice financing provider to secure a percentage value of the unpaid invoice upfront. The lender will collect the money once the invoices have been settled along with a percentage fee.
Invoice finance services are not currently regulated by the FCA (Financial Conduct Authority). To ensure integrity and a fair service is provided, UK Finance have an industry-wide code of conduct. The regulation of the invoice finance industry would most likely lead to an increase in the costs associated with invoice financing. Not being regulated ensures the costs of invoice financing are kept down for the consumers seeking to utilise invoice finance for an instant cash injection for their business.
A business raises invoices as they normally would and the invoice details are passed on to the invoice finance provider, who will then release a percentage of the value of the unpaid invoice upfront. With Hitachi Capital Invoice Finance, our revolutionary digital onboarding process allows businesses to be set up from first appointment to release of funds within 24 hours for smaller SMEs and up to 7 days for larger corporate businesses.
Depending on the invoice finance agreement entered, the business or the invoice finance provider will chase payment for the unpaid invoices. Once the invoice has been paid, the invoice finance provider will release the remaining balance minus a small fee for the service.
UK based Small-to-Medium sized businesses (SMEs) with the following criteria:
We cater for a wide range of sectors, including manufacturing, transport, professional services and recruitment.
An invoice finance agreement is when a business will enter an agreement with an invoice finance provider to finance their unpaid invoices. By having an agreement in place, businesses can have instant access to cash rather than waiting a period of time for their invoices to be paid by their customers. It helps to resolve any cash flow issues arising with a lack of instant cash available to pay monthly expenses such as rent and payroll.
Invoice finance provides an alternative finance solution to traditional forms of finance such as loans, lines of credit and overdrafts which often come with a multitude of eligibility requirements. The mechanics of providing funding for unpaid invoices to improve the cash flow of a business works the same for any size of business.
In order to be eligible for Hitachi Capital invoice Finance:
Invoice financing in the UK is where an invoice finance provider buys a business’s unpaid invoices for a fee. The provider will often provide a percentage value, usually up to 90%, of the invoice upfront in the form of a loan.
Once the client has paid the invoice, the lender will collect the balance in addition to a small fee. This means businesses can free up cash flow and don’t have to wait to receive payment for their goods or services. There are 2 main types of invoice finance: Invoice Factoring and Invoice Discounting.
Want to know more about who should apply?
Our Invoice Finance Products
Invoice Finance Case Studies
Invoice Finance Blog
Help and support for SMEs with cashflow concerns or questions.
Employees can typically work from anywhere now – thanks to the advent of advanced technologies – but does that mean a four-day week is right for all workforces?
Here are some simple steps to make your remote recruitment process run a little bit smoother.
Here are some of our top tips for creating a strong brand for your business and bolstering its position within the marketplace.
Pleased to announce we are winners of Business Moneyfacts 2021's Best Service from an Invoice Finance provider!