From Factoring to Discounting, Invoice Finance can be one of the best ways to ease cash flow problems
If your business regularly generates invoices for customers, Invoice Finance might be a valuable cash flow strategy for your business. So, why wait? Get paid fast and efficiently.
The product is simple, lenders pay you in advance for the value of the invoice immediately. Instead of waiting days or weeks for your invoices to be paid by customers, your business can get paid faster for completed work, allowing you to concentrate on running your business.
Invoice finance can come in a variety of forms, most commonly; Invoice Factoring, Invoice Discounting or even Spot Factoring. Which product is right for you? It's simple, just ask yourself, how much control do you want. Once Approved Business Finance has established your wants and needs, we can identify the right Invoice Finance product for you.
By working with over 80+ specialist lenders, we will source the best finance product to suit your needs.
Our relationships with lenders and suppliers enables us to secure best in class rates across all industry sectors.
Asset based finance or ongoing access to funds, with fast application and decision. Funding possible in 24 hours.
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Over 130 five star reviews thanks to our Account Directors who have raised over half a billion in funds.
WHAT OUR CLIENTS SAY ABOUT US
"Fantastic from day one, when funding was signed off the funds were in our account within 48 hours! Well done and highly recommend!"
"I couldn't believe how simple the process was. I wish I had known about them earlier as I wouldn't have wasted time dealing with a high street bank!
"Absolutely amazing service. Approved has been fantastic, going the extra mile and being so supportive and easy to talk to."
*Testimonials were collected through Google Reviews and were obtained in 2020. Images are not representative of the actual clients.
With finance available from £50k, keep moving forwards with a
finance solution that’s right for your business
Invoice Finance FAQ
What is Invoice Finance?
Invoice Finance is a finance product which allows your business to paid for completed work by borrowing funds against unpaid invoices. Lenders consider invoices as the security they need to release funds to you.
How quickly will I receive funds?
Invoice Finance secures the funds immediately. However, you will need to wait for payment terms to lapse e.g. 14 days, 30 days or 90 days. You will receive a percentage of the invoice funds immediately, which could be anything up to 90% of the invoice value.
How is Approved different to traditional banks and lenders?
With over 70+ lenders on our panel, our flexibility is unmatched. Your business needs are personal and specific to you, that's why we match your requirements with a lender or lenders who can best facilitate your needs.
What is Invoice Factoring?
Invoice Factoring is the invoice finance product which allows for the most involvement with the lender. Credit Control services are provided by the lender to ensure that your customer pay on time. Many businesses enjoy this type of product as you are able to have sole focus on your business, instead of chasing late-payments.
What is Invoice Discounting?
Invoice Discounting is arguably the most simple of the Invoice Finance products. Unlike Invoice Factoring, you will be responsible for Credit Control. This product is generally more attractive to more established businesses, e.g. a business may already have an accounts or credit control team, however the need to be paid immediately on invoices is vital to the business cash flow.