Why should you wait forever and a day for customers to pay your invoices?
With an invoice discounting facility from Skipton Business Finance, you can get your hard-earned funds straight away. We ensure that your facility grows as your business does so, unlike traditional bank overdrafts, it's flexible and tailored to meet your business requirements.
What is Invoice Discounting?
Invoice Discounting is a form of flexible invoice finance which immediately releases funds tied up in unpaid invoices, allowing you to put it straight back into your business as soon as it has been earned.
You then continue to invoice and collect payment with the peace of mind knowing that your invoice discounting facility is confidential, meaning your customers will notice no changes whatsoever.
How does it work?
We truly believe that cashflow is the lifeline of any business. That’s why, 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!
What are the benefits of Invoice Discounting?
Our solutions give you flexibility. With funds for debts 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 ensure that the facility grows with your business, therefore there will be no need to increase or re-negotiate your 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 finance can prove much more flexible than a traditional bank overdraft, as your business gets its own customised finance solution tailored to its requirements!
Worried whether your business fits our criteria for lending?
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.
Find out more
At Skipton Business Finance, we offer the following types of invoice discounting facility:
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.
Why not give us a call!
Invoice finance is fast becoming one of the most popular business funding alternatives to bank facilities as it is readily accessible to many SMEs.
Why not give us a call on 0845 602 9354, drop us an email at firstname.lastname@example.org or alternatively just fill in the handy form on the right and we'll get back to you with a no-obligation quote!
Still unsure about invoice finance and if your business is eligible? Visit our FAQs page for more details.