Invoice Finance


 

Invoice financing is a way to release cash that is locked in your
outstanding invoices.

 

In the past, it was used for businesses who were struggling
financially, but that is no longer the case.

 

If you work on credit terms with your customers, it can benefit your
business by unlocking the cash from their outstanding invoices.

 

Invoice finance is a good option if your business is in a period of
growth, as the amount you can borrow increases with your sales.

 


 


There are two types of invoice finance…


 

Invoice discounting and invoice factoring work in the same way. 

 

The difference is that, with invoice factoring, the funder would take
over the management of the sales ledger and would chase the
customer to pay the invoice to them.

 

With invoice discounting, you retain control of your own sales ledger,
chasing payments as you normally would.

 

For further information on invoice financing, contact us on 0115 958 6872 or email info@midlandsassetfinance.co.uk.

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