Invoice Factoring

Your Invoice Finance Questions Answered

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 Factoring vs Invoice Discounting: The key similarities & differences

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 for haulage businesses: How does it work and what are the benefits?

Businesses within the haulage sector have experienced a significant change in demand over the last 12 months, whether it has been increased demand when supermarkets were in need or a decrease in required services as businesses ceased to trade. Invoice Finance can be very beneficial for businesses within the haulage and logistics sector. It allows businesses to benefit from extra monthly funds to invest in vehicles, keep on top of fuel and tax payments, as well as making sure employees are paid on time.

COVID Focus: The Logistics Sector

The COVID-19 pandemic has been undoubtably challenging for businesses everywhere. The logistics sector was faced with a vast range of new and unexpected challenges and businesses within this sector were forced to adapt to the changes brought on by the pandemic. The challenges, though still difficult, were somewhat different to those faced by businesses in other sectors. Where many sectors found themselves out of demand and with staff furloughed, businesses working in the logistics and haulage sectors saw a huge surge in demand, particularly at the start of the lockdown period. 

Why Invoice Factoring might be perfect for your business

Are late payments holding your business back?  If so, Invoice Factoring could be the perfect solution for you. 

An Invoice Factoring facility can help to relieve cash flow worries for businesses, particularly those in industries such as recruitment, construction, and haulage to name a few. 

Invoice Factoring is the most popular choice of Invoice Finance for businesses. The facility allows you access to your unpaid invoices before your customers pay you.