Having agreed rates and charges, up to 95% of the value of the invoice may be released upfront. Most businesses using selective invoice financing will choose to submit a large value invoice to a factoring company, rather than lower value invoices. To find out for free if you qualify for selective invoice finance, please apply online - It's fast, free, and there's no-obligation! It offers a short-term alternative finance arrangement that assists with the management of cash flow.Īs well as supporting your daily business needs, such as meeting payroll and paying bills, it can also be used to invest in new company assets or employee training programmes. Selective invoice financing is ideally suited to businesses that experience seasonal fluctuations. Most providers let you stay in control of collecting outstanding payments, so the factoring arrangement remains completely confidential between you and your alternative lending provider. You can access funds as and when your business requires an injection of cash, by using the facility on an invoice-to-invoice basis.Ĭhoosing to factor an individual invoice does not require you to relinquish control of your customer relationships. Unlike invoice factoring and invoice discounting, the business does not have to sell its entire sales ledger. Selective invoice finance, also known as single or spot factoring, offers businesses the opportunity to release the funds tied up in individual unpaid invoices.
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