Invoice Finance is an umbrella term for a variety of products including Invoice Factoring, Invoice Discounting, Selective Invoice Finance or Spot Factoring. It allows your business to convert all unpaid invoices to working capital as unpaid invoices act as collateral.
It is a quick and effective way to borrow business finance through what your customers owe you. You would not have to wait for months or weeks to get paid by your customers, as the lender will release a percentage of the invoice value to you immediately. Every lender’s appetite is different however a good rule of thumb is that lenders will release around 85% of the current invoice value as working capital.
Whether you’re looking to take on more projects or ease cash flow problems, the team at origin Finance are on hand to discuss your options.