Generating a sustainable and reliable cashflow is essential for any startup or SME looking to grow. Invoice factoring aims to ease the burden of lengthy invoice repayment terms and sales ledger management by advancing your business a percentage of its raised invoices, as well as taking on these key credit control functions. Rather than taking on traditional business loans which can put pressure on your working capital in the future, invoice factoring allows you to draw funds from work that has already been completed and is ready to be paid. At Capitalise, we can help to match your business with carefully selected invoice factoring experts who can not only provide you with the funds you need, but have a proven track record in helping businesses within your sector.
Get the funds you need without putting business or personal assets at risk.
Waiting months for an invoice to be settled can be a major stumbling block for SMEs looking to fund growth. Invoice factoring is ideal for any business looking to stabilise its cash flow by avoiding lengthy invoice repayment terms, as well as overcoming the burden of chasing up overdue payments. Rather than spending much needed working capital on an in-house credit control team during the early days of your business, you'll be able to outsource these key tasks, leaving you to concentrate on growing your customer base. Use Capitalise to find and compare lenders with extensive experience supporting businesses just like yours.
Invoice factoring companies advance a percentage of your raised invoices directly into your business bank account with payments made in as little as 24 hours. They'll then chase the customer on your behalf in a professional and courteous manner, falling back on their years of experience carrying out these services for other businesses within your sector. Once full payment has been made, the remaining balance will be transferred to your company, minus any fees and interest which has accrued. Many invoice factoring companies will allow you to manage your credit account online 24 hours a day, offering quick access to capital when you need it most.
