Invoice Discounting

Invoice Discounting can be an excellent option for longer established businesses looking for cash to grow the business, to help fund expansion plans or a large new contract or just meet day to day needs and unlike a working capital overdraft, your discounting facility grows with you.

The main difference between Factoring and Invoice Discounting is the ability to collect your own debts.

How does invoice discounting work?

You raise an invoice and send it to your customer.

You update the invoice finance company online or send copies of the invoices to them.

Up to 90% of the invoice value is then made available to you straight away.

Your credit controller gets payment from your customer, and this is paid into your invoice discounting clients account.

Once this has cleared the balance less fees is available for you to draw down on.

In the meantime you can concentrate on growing your business.

What are the benefits of invoice discounting?

With bank borrowing more challenging and time-consuming to get, invoice discounting is seen by many businesses as a quicker and easier way of freeing up money for growth with no change in your credit procedures.

Improved cash flow – you won’t have to wait for 90 days for payment

Confidentiality – your customers will not know.

Up to 90% of invoice value available.

It can include an option to add in bad debt protection to protect you from failing businesses.

There is no change to your credit control function

Quick access to finance – it is possible to get funding in place in less than 7 days

No need to change day to day banking

No need to provide direct security over your home or other property assets
Releases cash for growth or expansion plans.

To find out more call Access on 01744 333001.