Invoice Discounting provides the cash flow finance that your business needs to succeed. It produces immediate cash advances from the funds you are already owed by your customers (debtors), thus increasing your working capital. Invoice Discounting companies will typically provide an initial cash advance up to 90% of the value of outstanding invoices within 24 hours. The Invoice Discounting agreement will also provide an ongoing facility that increases, in line with the volume of sales and values of invoices you issue.
Invoice Discounters can also provide finance against stock, plant and machinery and property - see Asset Finance.
Unlike Factoring, you maintain full control of your sales ledger, the issuing of statements and collection of cash. As a result of this, the service charge is much lower.
Personal Guarantee Insurance
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