PLEASE NOTE THAT THE CBILS & BBLS is now closed to new applications
If you are new to Invoice Finance, it can feel like there is a lot of information to take in. With a range of vocabulary and assumptions floating around, we thought it would be useful to address some of the commonly asked questions surrounding Invoice Finance.
What is Invoice Finance and how does it work?
Invoice Finance is generally used by businesses to bridge a cashflow gap and to allow the smooth running of a business, without the worry of late customer payments. Business owners can often feel nervous when thinking about having an Invoice Finance facility due to the following common misconceptions surrounding the funding option.
“You’re going to hound my customers for payments”
Are you looking for an Invoice Finance solution but are unsure on whether Invoice Factoring or Invoice Discounting is the best option for your business? Are you worried you will miss out on the benefits of one solution if you decide to go for the other? Here’s our quick guide to the key similarities and differences to help you decide.
The similarities…
Consistent cashflow
Invoice Finance is a funding option that can be suitable for an array of businesses, whether they be big or small, new or long-established and varying in sector. One assumption about Invoice Finance is that is more suitable for new start-up businesses but there are actually a whole range of reasons as to why Invoice Finance can be perfect for mature businesses too.
Invoice Finance for mature businesses
Invoice Finance is generally used by businesses to bridge a cashflow gap and to allow the smooth running of a business without the worry of late customer payments. Business owners can often feel nervous when thinking about having an Invoice Finance facility due to the following common misconceptions surrounding the funding option.
“They’re going to hound my customers for payments”