- 0330 113 8133
- 07529 692234
- info@ukbfinance.co.uk
- 4 Orchard Court, Harry Weston Road Binley Business Park, Coventry CV3 2TQ,
Menu
Businesses across the world have been factoring invoices for many years to boost cash flow. It negates business’s having to wait for 30, 60 even 90 days to get paid for work they have already completed. Traditionally when a business completes work for another business, they invoice out on payment credit terms.
Invoice factoring is where a business gets money paid against its invoices to release the capital which is tied up. The invoice financier will typically release up to 90% of the value of the invoice to the business as an up-front payment. For example, if a business had £100,000 of invoices that were owed to them on the sales ledger, the invoice financer could pay them £90,000 as an upfront payment.
This allows the business to use the money as cash flow and grow the business as required. Once the invoice is paid the remaining balance will be paid to the business minus the agreed fees. The invoice finance company will collect payment of the invoices and administer credit control. Factoring invoices can be a useful tool to get positive cash flow and grow a business.
An invoice finance factoring facility will be partially based on your levels of turnover. This is the amount of invoicing you generate during a pre-determined time frame commonly 12 months. An invoice financier asks you what your current and projected levels of turnover are. Pinnacle as a finance broker will be there to assist you with this if you are unsure or want to know how to work out your turnover levels.
Do you want to know if you are eligible for invoice factoring or want to compare different financiers to make sure you know you’re getting the best invoice finance facility? Then you’re in the right place! UK Business & Financial Solutions as a finance broker will not only answer any questions you have during the application process but be there throughout your business journey.
Factoring can apply for start-up businesses that need business finance. They may already know that cash flow could be difficult for tight. However, generally, an invoice financier will want to see a projected or current turnover of £5,000 per month.
We can support with this if turnover levels are going to be close to or less than this. We understand almost every SME business in the UK must secure investment to grow. For larger corporate businesses invoice finance is prevalent due to the nature of the industry such as manufacturing where having positive cash flow is crucial.
We take you through the funding journey to ensure you get the best commercial finance possible. Ensuring you get the funds you need to grow your business and boost cash flow.
Our team has done this thousands of times before and knows that it works for each and every client.
We take you through the funding journey to ensure you get the best commercial finance possible. Ensuring you get the funds you need to grow your business and boost cash flow.
Our team has done this thousands of times before and knows that it works for each and every client.
Invoice finance can improve short-term as well as long-term cash flow requirements.
We are a credit broker not a lender.
UK Business and finance solutions Limited , registered at Orchard Court 4,Harry Weston Road, Coventry, CV3 2TQ. Company Register number is 11005876 . We are registered with the ICO, ZA336227 and you can check via www.ico.org.uk. We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based within the UK.
If you wish to register a complaint please contact us at info@ukbfinance.co.uk or write to us at: 4 Orchard Court, Harry Weston Road Binley Business Park, Coventry CV3 2TQ
© UK Business & Finance Solutions Ltd 2023
