If you invoice other businesses on 30, 60 or 90 day terms, you are lending your customers money interest-free while your own bills land weekly. Invoice finance closes that gap: draw up to 90% of an invoice’s value within 24 hours of raising it, with the balance (less fees) paid when your customer settles.
Invoice discounting. You keep credit control; your customers never know a funder is involved. For established businesses with decent systems.
Factoring. The funder runs credit control and collections. For smaller teams who would rather someone else chases the money. Disclosed to customers.
Both can be whole-turnover or selective (fund only the invoices you choose).
Missives, standard securities, LBTT and lender coverage all work differently north of the border. Read our guide to property finance in Scotland.
Costs have fallen sharply with newer entrants. A service fee plus a discount rate on funds drawn; we benchmark across the market so you see the true comparison.
Harder, because of applications for payment and contractual terms, but specialist funders exist and we know them.
Not under confidential invoice discounting.
Turnover, debtor book size and typical payment terms. One working day to options.