If you are looking for a Business Invoice Factoring Quote, look no further. Our expert agents are here to assist your business and find you the best invoice financing rates for you.
Looking for the best business invoice factoring quote?
If you require assistance finding the cheapest invoice finance quote, give us a call on 01332 896 020 or apply online and learn how to get a business invoice finance facility that best suits your business. We can compare quotes from several invoice finance companies to give you assurance in finding the best deals available.
Key Features of a Business Invoice Factoring Quote
Receive up to 95% of your sales invoice
With a business invoice factoring quote, approval is quick and easy. In most cases you can get paid for your invoices in 24 hours.
Improves personal wellbeing
Invoice financing helps reduce payroll stress, giving you access to cash to meet weekly, or monthly payroll commitments.
Forward planning for success
Want to replenish stock? With a competetive invoice financing quote, it will mean no more waiting for your customers payments. This will allow you to purchase supplies quicker.
Supporting you and your business
The lender takes over the running of your credit control, a dedicated team of experienced professionals, who will manage your collections, reducing late payments and the risk of bad debts.
Your business invoice financing company grows with you
The last thing a growing business needs is to incur more debt, and so we keep invoice finance costs down. Invoice Financing allows you to get the capital you need when you need it, and grows as your business grows.
How does Invoicing Financing Work?
Companies that succesfully qualify for a business invoice factoring quote do not have to wait for their customers to pay their invoices for them to pay suppliers, staff, and other overheads. Invoice Finance lenders will purchase your invoice and collect the payments from your customers. You do the work, sell the invoice, and typically get up to 95% of the invoice value immediately. Once payment from your customer has been received, they will send you the remaining balance, minus their fees and any other charges.
How does Invoice Financing work?
A guide in 5 simple steps:
1. You process the invoice to your clients
Provide your service or product, on your agreed terms.
2. Flexibility in the Invoices you sell
You can tailor your facility to gain funding from one invoice, multiple or your whole sales ledger. The invoice finance company will purchase the debt that has been agreed with you.
3. Receive up to 95% upfront
Most lenders will allow you to receive up to 95% of your invoice value
4. Cash Collection
The invoice finance company will manage credit control, and your customer pays the invoice factoring company directly.
5. Receive final balance
Once payment has been received, the balance, minus and fees and charges will be made available to you.
Business Invoice Factoring Costs
For a business invoice factoring quote, the costs involved vary from business to business. It is important that you understand the invoice finance rates associated with running an invoice finance facility.
Application / Commitment Cost
Some lenders will charge a fee to carry out due diligence, and some do not.
The invoice factoring costs will include a service fee for the day to day administration of the facility charged as a percentage of the gross invoice value.
Is invoice factoring the right solution for your business?
Business invoice financing is a viable funding solution for many sectors across the UK, including: Haulage, Recruitment, Manufacturing and many more. With the COVID-19 pandemic crippling business cashflow, it is becoming a crucial role in businesses staying afloat.
Business owners are great at making their product and providing their service. Cashflow will always be ‘king’, and with small business invoice factoring the pain, headache or worry about cash is taken away.
Invoice Finance gives SME business owners the opportunity to access cash from invoices, but just as importantly it also gives the gift of time. The time you or your team spend managing your credit control. You can focus instead on achieving your business goals without the typical cashflow problems you were experiencing before invoice factoring.
Are you looking unlock cash from your invoices? Call us for a business invoice factoring quote on 01332 896 020 or Contact us today for a no obligation discussion.