Which invoice finance facility is best for my business?
This is an important question that every business that is looking at these types of facilities should be asking themselves. Before even considering a lender, you should think about which of the features and services that you require:
Would you like a facility that is confidential or disclosed to your customers?
Do you want to continue to follow up and collect unpaid invoice or do you want to outsource it?
Are you happy providing directors or personal guarantees?
Does you customers base have overseas customers?
Are there a high concentration of sales to a particular customer
Would you like to select with customers and invoices your want to finance?
These questions can have a huge impact on the type of facility and the terms that are provided by a lender. This is why Advocate Finance provide impartial advice that benefits you.
If you get it wrong it can increase costs by 100%
Unlike a Bank we won't sell you something that does not fit your requirements. Your requirements will be considered and then the correct facility will be chosen. Once the facility is chosen we will select the most competitive lender for your requirements. We will help you decide which one of the following is most appropriate:
Invoice Discounting - A finance facility that can be either confidential or a disclosed facility
Factoring - Finance with the added service of following up unpaid invoice. Can be confidential or disclosed
What our customers say........."You saved us more than £30,000 over the life of the loan" "We benefited substantially from their knowledge of the market" "extremely professional and pleasant" "closed a financial loop with great skill" >>>more
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