|
How does Invoice Finance work?
How does Invoice Finance work?
-
Invoice finance is sometimes thought to be a complex and expensive way to raise finance but we're on a mission to prove how simple and cost effective it can be.
There are two main forms of invoice finance; invoice factoring and invoice discounting.
Invoice factoring is a disclosed arrangement – this means your clients will know that you are using the service.
Invoice discounting is undisclosed, meaning it’s a confidential service where your customer's won’t know of our involvement.
-
Step by step guide to Invoice Factoring
-
You supply goods and services to your customers.
-
You send your customer the invoice made payable to Hitachi Capital Invoice Finance, and send a copy to us.
-
We will give you up to 90% of the invoice amount within a day. At this stage a service fee is deducted from your account as a percentage of your turnover.
-
The customer settles the invoice in full by making payment direct to us.
-
When the remaining balance is paid, we pay the 10% balance to you, less a small fee.
Get a quote
Contact our friendly UK advisors on freephone
0808 250 0859
08.45 - 17.15 Monday to Friday