Invoice financing can be a real benefit to a business, easing your cash flow worries by providing loans against outstanding invoices. However, for businesses with a concentrated pool of customers/clients, finding invoice finance can be hard. Rangewell can help, even if you have an extremely focused business model and need something as specific as single invoice financing.
The more invoices you have spread across customers, the less a lender must risk. To borrow against single invoices or a high concentration issued to just a few key clients, you need to convince the lender of your ability to repay them and of your client’s reliability. Rangewell can help you pose a stronger business case and also go directly to lenders who are willing to support more concentrated invoice finance applications.
When applying, you’ll need to demonstrate your business’ financial performance and plans for the future. In most cases, having a high concentration of invoices means you’ve grown in size and your key customers are making larger orders – so getting lenders to see that and support your growth is vital.
Work with Rangewell and we’ll help you bridge the gap between unpaid invoices and healthy cash flow. With our expert team, you’ll be able to negotiate invoice financing with lenders even if you only have a few outstanding invoices across your key clients. Get in touch now to learn more.
Why is invoice finance helpful?
Invoice finance allows businesses to maintain cash flow and continue to pursue growth without having to wait for invoices to be paid. In many cases, you’ll have a range of outstanding invoices and some that go overdue – which will mean you are waiting for cash to hit your bank.
Invoice finance sees a lender issue funds against the value of your outstanding invoices, which you can repay once you resolve the matter with your customers.
Get invoice financing with Rangewell
Whether you’re a small business with a core set of customers who are leaving their invoices too late, or a large enterprise with a few customers owing large sums of money, you can borrow against invoices with Rangewell’s support.
Talk to our team and we’ll find the right lender for your needs, apply on your behalf and negotiate the deal for you – all at no cost to you or your business. Stop letting unpaid invoices disrupt your business’ future and get invoice financing for high-concentration clients now.