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Is Invoice finance suitable for all businesses?

We fund all kinds of businesses with an annual turnover in excess of $500,000 per annum, although we often help smaller businesses as well.

I have an overdraft for my working capital requirements. Why should I consider Invoice Finance?

Our facilities compare favourably with a standard overdraft. Overdrafts are often inflexible and are based on your historical performance, whereas our facility automatically gives you flexibility as you grow and keeps pace with your current working capital requirement, no need for time consuming re applications every time your needs change.

How quickly can we receive the funds?

As our system is completely cloud-based we are able to fund invoices raised by you and received by us within 24 hours. We can provide funds the same working day, subject to same-day bank charges if needed. Your client manager will work with you to provide the best timing for your business needs.

How long do I have to sign up for?

Our customers sign for a minimum of 6 months, and often stay for longer due to the flexible nature of the facility. We believe that if you are not completely happy with our service, then we have failed as your invoice financiers. We will require one month’s notice should you choose to leave so that we can ensure the facility closes with the maximum of ease for you.

How will my bank react to your facility?

We have a very good relationship with all the trading banks. We work with the banks and will liaise with your bank to ensure the transition is smooth and pain free.

I have a debtor finance facility with another company, is it easy to switch?

We have switched many clients who have alternative providers. We will liaise with your existing provider to ensure the change is simple and pain free.

What happens if a customer does not pay?

All of our agreements have recourse for unpaid invoices back to you. If a debtor doesn’t pay within the recourse period, usually 90 days, then we automatically adjust your funding availability by that amount. As you do all the credit control on your sales ledger it is up to you to ensure that you keep control of your slow paying customers.

Do you require guarantees?

Yes, although unlike a bank we do not require you to support your guarantee with a mortgage over your home.