Waiting for invoice payments is one of the leading causes of financial stress for businesses of any size.
Invoice finance is designed to alleviate this cashflow pressure by allowing you to continue business-as-usual, despite waiting on due invoices.
You can manage your account with our Ascendis online service.
Invoice finance is a great option for businesses that sell products or services to other business, those who invoice for delivered goods or completed services, and those whose business has an annual projected turnover of greater than £100,000. New start businesses are also eligible.
Our trusted team can advise you on the best course of action if unpaid invoices are a cause of cashflow stagnation within your business.
- Releasing a percentage of your owed invoice within 24 hours of invoicing.
- Protecting and managing your credit control and sale ledger.
- Offering Bad Debt Protection to protect you against customer insolvency.
How does it work?
In a nutshell, invoice financing is the process of borrowing money from a third-party company to pay for an item or service.
A business can use this type of financing to avoid going into debt, which can be a key part of business planning and helps avoid penalties and interest rates.