Would you like to raise invoice finance, but are concerned that using a factor to chase invoices might interfere with your customer relationships?
The answer is invoice discounting – but it’s often not available to small businesses.
Invoice discounters often have strict requirements about the financial trading performance required to qualify for invoice discounting and there can also be large minimum turnover requirements (often 300K upwards) which can exclude small businesses from accessing this type of service.
The good news is that there are exceptions.
A small number of invoice discounters will offer invoice discounting to small businesses with an annual turnover of only £100,000.
This means even small businesses can now benefit from a cash injection without getting a third party involved in collecting payments from customers.
Who should I talk to?
We offer a UK wide free independent quotation search service for invoice discounting.
In many cases they have saved clients at least 33% of the cost of their existing or quoted invoice finance facility.