Factoring and Invoice Solutions
New to Factoring? You will be surprised at just how effectively a flexible Factoring arrangement can assist your cash flow and working capital problems. A Factoring facility draws cash quickly into the business by converting your debtor book into readily available revenue.
No matter what the age and size of your business, we can normally provide a workable and cost-effective Factoring solution to improve the cash flow into your business, with rates that are often far better than the terms of your overdraft.
What is it?
This type of finance uses invoices as a way for businesses to unlock cash tied up invoices and therefore speeding up cash flow. This is done by selling their invoices to a third party who will advance some of the funds the invoice is worth up front, for a cut of the invoice.
Invoice Finance allows you to quickly release cash into your business by converting the value of unpaid invoices or contractual billing into ready working capital.
How can CashMoney UK® help you?
At CashMoney UK® we work with all the major UK factors and will provide the most appropriate scheme to suit your exact business profile. We provide a broad range of services including a unique confidential factoring service which ensures none of your clients know you are factoring, a feature normally only associated with Invoice Discounting.
What types of solutions are available?
One option to assist positive cash flow is to request further overdraft facilities from your bank if this facility is available.
Another more flexible and generally lower cost solution is to use either Factoring, Confidential Factoring or Invoice Discounting. This financial service guarantees payment of all invoices issued up to 90% of invoice value – normally within 24 to 48 hrs from the time you issue the invoice. This has the major benefit of leaving your bank facility in place for other areas of business growth and investment.
Factoring and Invoice Discounting are rapidly growing in popularity and are used today, in some form or other, by around 25% of UK business owners.