Everything you need to know about Invoice Finance

What is invoice finance?

Invoice financing is simply a way to release the cash that’s tied up in your outstanding invoices.

Instead of waiting for your customers to pay, you borrow against the money you’re owed. Put simply, it's the best way to get the money you are owed - quicker!

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Factoring vs. Invoice Discounting

Factoring and Invoice Discounting are a type of Invoice Financing and the difference between them is quite simple:

  • Factoring allows you to get the money you’re owed without the wait but we chase up your invoices for you.
  • Invoice Discounting offers the same benefit of Factoring, but you’re responsible for keeping the relationship with your customers and chasing invoices when necessary.

Find out more about Invoice Factoring

How does it work?

It couldn’t be easier. You give us your invoices and we’ll give you up to 95% of their value. We’ll set up the facility for you within a week and when that’s done we’ll be able to pay your invoices within 24 hours of receiving them. Once your customers have paid us in full, we’ll pay you the remaining balance minus our fees.

Who is it for?

Invoice Finance is suitable for any business that has money tied up in their outstanding invoices.

If you’re wondering whether or not it’s right for you, we can talk through your options. We tailor our products around your needs and you'll always have a dedicated relationship manager there to help you.

What are the benefits?

With Invoice Finance you get the money that’s owed to you quicker. In fact, with us, you can get the cash within 24 hours instead of waiting months. And because you’re borrowing against the money that you’ve got coming in, you won’t need to show years’ worth of accounts to secure your borrowing.

Why choose Ultimate Finance?

Over the last 17 years, we’ve helped thousands of businesses of all shapes and sizes. As an independent business ourselves, we know how important good funding is. What sets us apart is our flexibility and personal service. You’ll have your own dedicated specialist relationship manager to oversee everything. One point of contact who will take the time to get to know your needs and that of your business.

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We’re always here to support you and your business in a way that best suits you.

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