Invoice Discounting - What is it?
Invoice Discounting is a form of invoice finance which allows you to immediately release cash tied up in unpaid invoices, allowing you to put cash straight back in the business as soon as it has been earned.
You continue to invoice and collect the invoices in the normal way and the service is confidential so your customers will notice no changes. We can proudly say that our facility is backed by award-winning service levels and a flexible approach meaning that we never use a “computer-says-no” approach and that decision are always based on a businesses’ individual merits. Another reason to choose Skipton Business Finance.
How does Invoice Discounting work?
Here at Skipton Business Finance we truly believe that cash flow is the lifeline of any business. That’s why we’ll simply release up to 90% of the value of your invoices and you will retain full control of the credit management. We really do feel that this allows you to keep control of your sales ledger and allows you to manage the credit control function for your business. The remaining 10% will also be made available when your customers pay!
What are the benefits of Invoice Discounting?
Our Invoice Discounting solutions give you flexibility. With cash for debts up front, you have the freedom to make payments on regular bills such as tax, salaries or rent and confidence if unexpected bills occur. Our flexible service will ensure that your facility will grow with your business, therefore there will be no need to increase or re-negotiate your overdraft or other borrowings.
In 2010, the invoice finance industry saw cash funded through invoice discounting facilities at £180 billion.
Get in touch with us!
It’s easy to unlock the money you have tied up in unpaid invoices. Just call us on 0845 602 9354 and one of our award-winning team will be able to guide you through the process.
