Invoice Discounting from Skipton Business Finance
Why should you wait forever and a day for customers to pay your invoices?
With an Invoice Discounting solution from Skipton Business Finance, you can get your hard-earned funds straight away.
Invoice Discounting allows you to continue to collect your own payments from your customers and we will fund you up to 90% of your unpaid invoices.
What is Invoice Discounting?
Invoice Discounting is a form of flexible Invoice Finance which immediately releases up to 90% of funds tied up in your unpaid invoices.
According to Wikipedia, Invoice Discounting: allows a business to draw money against its sales invoices before the customer has actually paid. To do this, the business borrows a percentage of the value of its sales ledger from a finance company, effectively using the unpaid sales invoices as collateral for the borrowing.
It is the umbrella term for many forms of Invoice Discounting such as Confidential Invoice Discounting, Disclosed Invoice Discounting and Recourse Invoice Discounting.
How does it work?
With an award-winning Invoice Discounting facility from Skipton Business Finance, we'll release up to 90% of the value of your invoices whilst you retain full control of the credit management. This allows you to keep control of your sales ledger and to manage the credit control function of your business.
The remaining 10% will also be made available when your customers pay, less our fees.
What are the benefits of Invoice Discounting?
Increased cashflow is, without a doubt, the biggest benefit of Invoice Discounting and, indeed, any Invoice Finance facility.
With access to funds up-front, you will have the freedom to make payments on regular bills such as tax, salaries or rent, as well as added confidence to deal with unexpected bills if they occur.
The flexible service we provide will also ensure that your Invoice Discounting facility grows with your business, therefore there will be no need to increase or re-negotiate as you would with your bank overdraft or other borrowings. As your business grows, so does the Invoice Discounting facility!
This is exactly what we mean when we say that Invoice Discounting can prove much more flexible than a traditional bank overdraft, as your business gets its own customised finance solution tailored to its requirements!
Does your business fit our criteria for lending?
Invoice Discounting facilities are available to most UK businesses, including small businesses.
Our experienced team adopt a commercial approach to underwriting, putting your people and business at the forefront of our decision-making process. We never use a system-style scorecard and make each decision based on the individual merits of each and every business.
Contact us today & get a FREE quote!
Being backed by Skipton Building Society, one of the largest and most trustworthy financial establishments in the UK, it means we have funds ready to lend to businesses up and down the country.
We’d be delighted to help structure an Invoice Finance solution around your business. If you would like a no-obligation FREE quote, please get in touch by ringing us on 01756 694933.
You can also email us at email@example.com.
Or why not utilise the handy form on the right and we’ll call you back!
Find out more
At Skipton Business Finance, we offer the following types of Invoice Discounting:
For more information about Invoice Discounting, why not download and print off our PDF here.
Alternatively, we offer a range of flexible and tailor-made Invoice Factoring facilities that may better suit your business.