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How does Invoice Finance work?
How does Invoice Finance work?
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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.
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Step by step guide to Invoice Factoring
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You supply goods and services to your customers.
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You send your customer the invoice made payable to Hitachi Capital Invoice Finance, and send a copy to us.
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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.
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The customer settles the invoice in full by making payment direct to us.
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When the remaining balance is paid, we pay the 10% balance to you, less a small fee.
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Contact our friendly UK advisors between
8.30 - 16.45 Monday to Friday, on freephone
0808 250 0859