Invoice Finance: Solving your cashflow challenges with immediate payment
Turn unpaid invoices into funding for stock, working capital - and growth
GET A PERSONALISED QUOTE
Get paid fast
- Funds released as you invoice
- 90% of invoice value immediately
- Balance when client pays
- Funds in your bank with 24 hours
Scaled for your business
- Turnover of £25,000 or more
- Helps SMEs work with large corporations
- Improved cashflow
- Ideal for supporting growth
- Ideal for B2B trade
- Reduce financial risk
- Non payment insurance
- Confidential arrangements
Cashflow is a major challenge for every business. Having to wait weeks or even months for invoices to be settled by your customers can mean a cashflow crisis.
Invoice Finance could provide the solution.
Rather than having to wait up to 120 days for an invoice to be paid, it lets you take up to 90% of the cash tied up in your unpaid invoices immediately. The remainder will be paid to you, minus fees, once the customer settles the outstanding balance.
Invoice Financing provides an ongoing credit facility that protects you against late payment – because it ensures you get paid fast even when customers are slow.
Supporting your growth
Invoice Finance can help power your business growth. If you have to wait to get paid, a new customer with a big order can actually be a problem – because you don’t have the cash to pay for the stock or staff you need.
With Invoice Finance, you know the money will be in your bank almost as soon as you issue an invoice. The more work you do, the more cash you will have to call on.
How does Invoice Finance work?
Invoice Finance provides ongoing cash advances based on the value of invoices you have issued, but have yet to be paid for.
- You provide a service or product to your client and agree on payment terms, and follow up with an invoice.
- You then notify your invoice finance lender, who will advance you up to 90% of the value of the invoice as a cash advance, usually within 24 hours of the notification.
- Once your client pays the invoice, you receive the remaining value of the invoice. At this stage, the lender takes their fees.
There are two types of Invoice Finance
If your business has a turnover of over £25,000 you may be interested in Factoring. This allows the lender to approach the client and collect the debt. This saves you time spent chasing payments and lets you have the support of an experienced credit control team to take care of every aspect of your debt collection.
Many providers offer the option of Bad Debt Protection as part of their service, which means even if your customer goes bankrupt or for other reasons fails to pay, you don’t lose out.
If you already have a credit control facility and your turnover is £100,000 or more, Invoice Discounting might be appropriate. Once you collect the debt from your client you return the advance to the lender. This can be disclosed or undisclosed - which means you can choose whether you tell your clients you are using Invoice Discounting or not.
How Rangewell can help you find the Invoice Finance deal you need
There are many Invoice Finance providers, and the costs and charges they apply can vary.
What’s more, some providers specialise in certain business sectors. To get the Invoice Finance arrangement that’s right for your particular business, you need expert help.
At Rangewell, our team of business finance experts work with you to get to know your business and understand the kind of arrangement and features you need. They can help you find lenders who work in your sector and secure the most competitive deal, complete with any extra services – such as bad debt cover – that you require.
REAL EXAMPLES OF WHAT WE CAN DO
Find a lender to provide Invoice Finance for a start-up company
Help set up an Invoice Discounting arrangement for an international business to support a multi-million-pound turnover
Set up an Invoice Finance arrangement for a business that was already in a Creditors Voluntary Agreement
Find a small business an Invoice Finance arrangement with credit control and bad debt protection to safeguard its future
Find an Invoice Finance supplier for a company with aggressive growth plans which would involve quadrupling in size in under a year
Let us find the Invoice Finance you need
We’ve helped many of our clients to make the most of the benefits of a range of Invoice Finance options - including Single Invoice Finance, Invoice Discounting or Whole Ledger Finance - along with other solutions such as Stock Finance and Working Capital Financing, by helping them find arrangements tailored to their business.
Call us out how Invoice Finance can mean an end to your cash flow worries – and help fund the growth you want.
What people who have used invoice finance say...
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Our goal is very simple - to help businesses find the right type of finance as quickly, transparently and painlessly as possible.Find Funding
Helping you build your profits
Improve your cashflowAvoiding the delay between outlay and payment helps you stay afloat in stormy markets and cope with the seasonal variations in business.
Enable growthFreeing up your cash could let you invest in the growth of your business, giving you the capacity to take on new orders.
A solution tailored for your sectorThe challenges you face will depend on your sector. Because Rangewell works across hundreds of different industries – from pharmaceuticals and manufacturing to construction and recruitment– we have experience in your area, and can help you find the right provider.
Protection against bad debtMany providers include protection against bad debt as part of their services - you will not suffer if a customer fails to pay.
Increase your business agilityHaving readily available cash means you can seize opportunities and buy materials when the price is right.
Cash controlMany providers offer credit control services - professional but firm experts who will chase up payments on your behalf.
Download Rangewell’s free and detailed guide to Invoice Finance
What are the differences between Invoice Factoring and Invoice Discounting?
How can cash tied up in unpaid invoices help with cash flow?
Will the Invoice Finance company take over credit control?
Is Invoice Finance a form of Asset-Based Lending?
What are the benefits Invoice Financing provides to SMEs?
How does the factoring company take their fees?
Is Bad Debt Cover always available?
Is Invoice Finance suitable if a company sells to consumers and not businesses?
Who pays the invoice - the customer or the invoice finance provider?
Collecting payments - whose responsibility is this?
Are invoices to be paid to me or the factoring company?
What other forms of invoice finance are there?
What about outstanding invoices?
Can invoice finance be used to boost working capital?
Can I get an agreement within 24 hours?
What other financial services are available?
Other types of invoice finance available , including selective invoice finance
Is spot factoring a form of invoice finance?
What you need to know about discounting/factoring companies
Do lenders need to access my accounts receivable and sales ledger?
Can Invoice Finance help improve cash flow and finance working capital within 30 days?
How does my business access funds with invoice Finance?
What if my company sells overseas - is there a type of Invoice Finance suitable?
Costs may be highInvoice discounting may have substantial fees associated with it. You would normally use it only after other forms of financing have been considered.
Suitable for high margin businessInvoice discounting may not be suitable financing for low-margin businesses, since the interest on the debt may eliminate any prospect of earning a profit.
You must have clear title for your invoicesInvoice discounting may be impossible if another lender already has blanket title on all company assets as collateral on a different loan.
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FreeWe make no charge of any kind when we help you find the loan you need.