Invoice Finance

Looking to escape a restrictive overdraft but still want the benefits of improved cashflow?

Many businesses still fund their cashflow through a traditional bank overdraft. It’s only when they come to renew it or look for an increase, they may find their bank is unwilling to go the extra mile. Overdraft providers tend to base their underwriting decisions on past financial records rather than where a business is going. If the business is going through a difficult period, they can find themselves with facilities being withdrawn or at the very least see increased fees.

What are the different types of Invoice Finance?

There is often a feeling of reluctance from businesses when seeking Invoice Finance mainly because there are so many definitions and types available. This causes businesses to feel overwhelmed when looking at financing options.

However, at some stage, every owner-managed business will face an irritating wait for payment from slow-paying debtors and Invoice Finance can offer the best funding solution.

Invoice Finance: Our good to know guide

With the introduction of the government-backed loan schemes such as BBLS and CBILS, many business owners may find themselves faced with the idea of alternative lending alongside these schemes. At Skipton Business Finance, we specialise in providing cashflow solutions to UK businesses through our Invoice Finance products.

So what is Invoice Finance?

It's time to calm your cashflow

In the busy world of business, many business owners find it hard to stay calm when things don’t run smoothly. One of the biggest stressors for businesses is maintaining a healthy cashflow and so late payments, in particular, can cause a lot of hassle when running a business.

Having a healthy cashflow is vital for any business, so wouldn’t it be great to have a solution which allows you to carry on your business as usual with no worries of cashflow restraints?

The good news is, Invoice Finance could be your perfect solution.