Selective Invoice Finance
Selective invoice finance is one of the most modern forms of invoice finance in the UK

What is Selective Invoice Financing?

Selective invoice finance is one of the most modern forms of invoice finance in the UK. Giving companies the flexibility and ability to access cash flow funding when they require it. When you want to fund an invoice you upload the details of the invoice commonly onto a platform.

Whereby you receive up to 90% of the value of the invoice as an upfront payment. Once the invoice is paid the remaining 10% or balance comes back to you minus the fees which are pre-agreed. Typically, the fee structure on a selective invoice finance facility is bundled. One agreed fee, making it simple and easy to understand.

 

What Are The Benefits Of Selective Invoice Finance?

Having a selective invoice finance facility allows a business to have full control of its sales ledger. They can choose to receive funding on invoices as much or little as they like. They choose what invoices they need funding on and what ones they don’t. Typically, an invoice financier will provide an online platform for a business to upload invoicing onto as required and in return receive upfront payments. It can be a lot faster to get set up than whole turnover invoice finance facilities.

As a bonus most selective invoice financiers will provide credit insurance on the invoicing, giving you peace of mind and the ability to take on larger projects, orders, or work that you are being asked to complete. This in turn should allow you to increase turnover within the business and boost cash flow.

 

How Can I Set Up A Selective Invoice Finance Facility?

Firstly, the business will need to get in touch with us. You can do this using the enquiry form at the bottom of this page. We will get to know how your business operates, understand the future plans in relation to turnover, projected work, and where you want to be in 12-24 months’ time.

We will then gather the relevant information from you. Approach the most relevant finance companies for you and present the offers to you. Typically a selective invoice finance facility can be set up in as little as 48 hours making this a fast finance option. Saving you time and money.

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 pride ourselves on service and speed of business funding. Our team is relaxed and knowledgeable.

Want to find out more?

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.

Send an enquiry

We pride ourselves on service and speed of business funding. Our team is relaxed and knowledgeable.

Want to find out more?

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.

Send an enquiry