Invoice Discounting

Invoice Discounting allows you to use the money tied up in your sales ledger whilst you stay in control of your client relationships

• You can release up to 95% of the value of your invoices within 24 hours of an invoice being raised
• Completely confidential - your clients don't know we're involved
• Eases your cashflow for working capital and business growth
• You get more funds than are usually available from a traditional overdraft
• Online access to key data to help you manage your cashflow
• Bad debt protection available.

How Does Invoice Discounting work?

Invoice Discounting is similar to factoring, except you retain control of your sales ledger and responsibility for collecting outstanding invoices. Your clients will not be aware of this arrangement.

Typically, with invoice discounting you can get up to 95% of the value of approved invoices, in sterling or euros, within 24 hours of an invoice being raised if required

Is Invoice Discounting right for you?

Ideally, you'll be forecasting credit sales of at least £1m, minimum net worth of £50,000 and a good spread of debtors. You'll be selling goods or services on normal credit terms, in sterling or euros, with no stage payments or contractual sales. Invoice discounting is suitable for a wide range of businesses invoicing on credit terms, including:

• Distributors
• Manufacturers and Wholesalers
• Business Services
• Retailing

Find out more about our products and services and contact us on 01342 301784 or email.

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