FINANCE PRODUCTS
INVOICE FINANCE
Turn unpaid invoices into working capital
Waiting for customers to pay can place pressure on cashflow, particularly when wages, suppliers and other business costs still need to be covered.
Invoice finance can allow eligible businesses to access a proportion of the money tied up in outstanding customer invoices rather than waiting for the normal payment date.
The Funding Step can help you explore whether invoice finance could provide additional working capital for your business.
What could Invoice Finance help with?
Invoice finance could potentially help you:
Improve day-to-day cashflow
Pay suppliers
Meet payroll
Purchase stock and materials
Support new contracts
Manage longer customer payment terms
Fund business growth
Reduce pressure caused by unpaid invoices
Using your invoices to support cashflow
Invoice finance is commonly used by businesses that provide goods or services to other businesses on credit terms. Rather than waiting 30, 60 or 90 days for customers to pay, an invoice finance provider may be able to advance part of the value of eligible invoices.
Different types of invoice finance are available, including factoring and invoice discounting, depending on the business and how you manage your customer payments.
How can The Funding Step help?
We’ll take the time to understand how your business invoices customers, your payment terms and the cashflow requirement you’re looking to address.
From there, we can help you explore potential invoice finance options and guide you through the information that may be required by a provider.
Have cash tied up in unpaid invoices?
Tell us about your business and how your customers pay you.