Invoice finance and factoring improves working capital by receiving up to 90% of your outstanding invoice amount within 24 hours
Invoice finance and factoring are effective and flexible ways for businesses to effectively manage their Cash Flow and Working Capital. They provide a facility that lets you draw down cash into your business, as an advance payment secured against the invoice, by converting your invoices (debtor book) into a readily available revenue stream.
Whether you’re a start-up business, trading for many years and irrespective of size we can usually provide a workable and cost-effective invoice finance solution that will improve the cash flow in your business at rates often far better than overdraft terms.
- Up to 90% of the Invoice Value paid to you on issue
- On-line process and cash paid into your account same day / next day
- Facility available to new start business with turnover from just £50,000 per annum
- Bad debt insurance can be included if necessary to give additional peace of mind
- Factoring can be offered to most Business types and Industry Sectors
- Reduced finance costs over traditional overdraft facilities
Types of Invoice Finance
The Invoice Finance Company (IFC) provides finance against the whole of the business’s debtor book/ledger. Invoices raised by the business are paid directly to the IFC (this is the most commonly used type of Invoice Finance)
- Invoice Discounting
Invoice discounting is very similar to Factoring save that the business continues to administer their own debtor book
- Invoice Payroll
Invoice payroll is only available for recruitment agencies, providing essential recruitment factoring to support the day-to-day running of the business
- Spot Factoring
Spot factoring tends to be either used at certain times of the year or against specific invoices
- Trade / Stock Finance
Trade and or stock finance is often used in conjunction with invoice finance facilities as it often enables borrowing to be repaid when items/products are either sold or invoiced
What is Invoice Finance used for?
- Businesses that are looking to grow
- New start companies looking for financial support
- Businesses need help to pay bills
- Businesses looking to outsource their credit control saving time and resources
Why Wattsford Commercial Finance
Wattsford Commercial Finance are award-winning, independent and impartial commercial finance brokers providing both commercial finance and business support to businesses throughout the whole of the UK.
With our Indicative Terms Forms, you can get an understanding of how much you may be able to borrow and at what terms. Indicative Terms may also be known as a ‘Mortgage in Principle’, a ‘Decision in Principle’ or a ‘Mortgage Promise’.
Indicative terms can be used for a Mortgage with an estate agent or those selling a property to show that you may be in a financial position to purchase it. For Asset Finance, Business Loans, Development Finance and Invoice Finance it provides an indication of the finance terms that we may broker for you.
We offer our clients a true ‘one-stop shop’ facility, our core competence is to provide you with a fully managed and professional service that secures the most competitive funding offer available from the entire market.
The benefits of using us
We will fully package and submit your lending proposal to ensure the most competitive rates and terms and ensure that your funding application is processed quickly and efficiently in order that funds are available in the shortest possible time.
Whatever your commercial funding requirement we offer a free, impartial and totally confidential initial consultation and will quickly assess your funding options.