Whether you're steering an early-stage or rapidly expanding business, or exploring restructuring or acquisitions, maintaining a steady cash flow is essential to fuel your aspirations.

Invoice finance, covering both invoice discounting and factoring, empowers businesses to access up to 90% of their sales invoice value, often within 24 hours of issuing them to customers. The remaining balance is settled upon customer payment, with charges like discount fees, service charges, and administrative fees deducted from the account. At Dickson Mortgages, we take pride in our ability to identify the most fitting invoice financing solution tailored to your specific needs within this ever-evolving market. With a spectrum of new invoice financing lenders offering diverse solutions and cost structures, we provide expert guidance to navigate your options.

To explore your financing options contact Dickson Mortgages at 07360 198 995.

Frequently Asked Questions

What does invoice financing entail?
Invoice financing, including both invoice discounting and factoring, enables businesses to access funds tied up in unpaid invoices. It facilitates an advance on outstanding invoices, often up to 90% of their value.

How does invoice financing function?
Businesses submit their unpaid invoices to the financing provider. The provider advances a significant portion (typically up to 90%) of the invoice value within 24 hours. Upon customer payment, the remaining balance, minus fees, is paid to the business.

How do invoice discounting and factoring differ?
Invoice discounting allows businesses to retain control over their sales ledger and customer relationships while leveraging their invoices for borrowing. Factoring involves selling invoices to a third party, who manages the sales ledger and collects payments.

What advantages does invoice financing offer?
Invoice financing provides improved cash flow, faster access to funds, reduced reliance on conventional loans, and efficient management of working capital.

Which businesses can benefit from invoice financing?
Invoice financing suits businesses of various sizes, including startups, SMEs, and larger enterprises across diverse industries, especially those with extended payment cycles.

What fees are associated with invoice financing?
Fees encompass discount fees (interest on the advanced amount), service charges, administrative fees, and potentially other charges based on the financing provider's terms.

Is invoice financing accessible for businesses with poor credit or limited financial history?
Invoice financing primarily relies on the creditworthiness of invoiced customers rather than the business itself, making it accessible to entities with limited credit history or poor credit.

Can businesses select specific invoices for financing?
Yes, businesses typically have the flexibility to choose which invoices to finance, allowing effective management of cash flow.

How quickly can businesses access funds via invoice financing?
Businesses usually receive an advance on their invoices within 24 hours of approval from the financing provider, ensuring swift access to working capital.

What risks are associated with invoice financing?
Risks may involve potential impacts on customer relationships due to third-party involvement and cost implications from fees, affecting overall business profitability.

To explore your financing options contact Dickson Mortgages at 07360 198 995.