We understand that the main problem with an overdraft is that it is repayable on demand and can be withdrawn at anytime. Also, the limit is usually fixed and, should more be required, you generally have to go through the whole process again resulting in more time and cost.
- Invoice Discounting can provide you more cash
- An Invoice Discounting facility will grow with your business
- There is no need to put up your home as security
- You retain full control of credit management
Invoice Discounting is safer and more flexible
Invoice Discounting provides a much safer and more flexible funding solution for many SMEs simply by providing certainty of contract (i.e. not repayable on demand) and increased funding linked to sales and not the historic financial performance.
What is Invoice Discounting?
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. For more information on what factoring is and how it can work for your business, please go to our invoice discounting section.
Want to know more about Invoice Finance v a Bank Overdraft?
If you would like to read a more comprehensive article on why we feel invoice finance is so much more beneficial to your business than a traditional overdraft, please go to our blog section.
We’re here to help your business!
Being backed by one of the largest and most trustworthy financial establishments in the country (Skipton Building Society), it means we have cash ready to lend to SMEs up and down the country.
Get in touch by calling us at 0845 602 9354 or emailing email@example.com. Alternatively, we can call you back with more information; just fill in the handy form on the right hand side!