Apparel Invoice Finance
Is your brand the next big thing in apparel? Don’t let slow payments cut the fashion show short – Invoice finance can provide the working capital you need. Invoice finance is a business-friendly alternative to traditional lending. Spend less time jumping through financial hoops and more time executing your vision without worrying about cash flow.
How Does Invoice Finance for Apparel work?
Unlike a traditional loan, invoice finance allows you to receive advances on your unpaid invoices. The process begins when you submit invoices to the invoice finance company, who will verify that the work has been completed. They will then advance your company between 70 and 95 percent of the invoice amount – you receive the remainder when the invoice is paid.
Invoice factoring is a viable funding option for the fashion industry and their supply partners:
- Apparel manufacturers
- Fabric companies
- Textile and apparel acquisition
As long as you are working with corporate clients and issuing a collectible invoice, you can start accessing funds to support your cashflow today.
Ignite Business Group works to understand your company’s specific objectives and matches your business with an invoice finance lender that’s best tailored to your funding needs.
Contact Ignite Business Group today to see what we can do for you.