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Invoice Factoring allows you to release cash from your unpaid invoices quicker than having to wait between 30 to 90 days – and sometimes up to 120 days – for your customers to pay you.
In addition, we handle your credit control, allowing you to concentrate on other areas of the business instead of chasing up late payments.
As your business grows, so does the available funding. With Invoice Factoring you don’t need to negotiate new terms as your flexible funding line increases with your turnover.
There are a variety of reasons that businesses may choose Invoice Factoring as a funding solution, but the primary reason is that it’s a major boost to cash flow, as cash can be raised almost as soon as services are completed or goods are delivered.
This makes everything from payroll to business growth much easier, both of which can be major concerns for SMEs. There are other options to Invoice Finance, including loans, overdrafts and peer-to-peer lending, but few offer the same level of flexibility that Invoice Factoring does. The great benefit with Invoice Finance is that the funding grows in line with the business turnover.
In addition, smaller companies often find that it’s easier to manage their business while Hitachi Capital Invoice Finance is managing their credit control, because they’re less likely to have the full in-house resource to maintain it as effectively as our experts. Invoice Factoring is both a funding and business solution.