![]() We think there are five key benefits of using the latent value in unpaid invoices to finance your business: ![]() What are the key benefits of an invoice discounting facility? You should also be able to demonstrate a profitable trading history and strong credit control. The key thing to bear in mind is that this particular financing scheme isn’t designed for starter or micro businesses as most invoice discounting providers suggest a minimum turnover of between £100,000 to £250,000. Now we know obtaining an invoice discounting facility is a relatively simple task, how suitable is it for your business? There are some caveats to take note of, as you may expect. The customer is never contacted and, when they pay, the remaining percentage will be returned to you, less an agreed fee for the lender. Invoice discounting is a relatively simple process you simply raise in-voices as usual, present a copy of the invoice to the lender and they will give you up to 90% of the cash you are owed straight away. There are all sorts of solutions available for businesses seeking finance, but today we’re going to ask: what is an invoice discounting facility and how can it help realise a company’s ambitions whilst protecting customer relations? How does invoice discounting work? ![]() Is a lack of cash flow strangling your business? If this sounds familiar, you may be glad to hear that there’s actually a way to release funds from those unpaid invoices and it can be a great way to finance your business if you need extra capital. For any business owner, the sight of a pile of unpaid invoices can be a daunting, stressful prospect.
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