Invoice Discounting

Invoice Discounting is a comprehensive funding facility that has been designed specifically to release the cash tied up in your sales ledger. You remain in full control of maintaining your sales ledger, credit control and collection activities.

The facility can either be confidential or disclosed to your customers.

Invoice Discounting from Close Invoice Finance gives you fast, flexible and cost effective access to the cash you require. It is very simple to operate, requiring minimal administration from your organisation.

Key Features

Early payments - Up to 95% of the value of your invoices.
You retain responsibility for credit control.
Bad debt protection - optional.
CloseNet access included.

Suitability

Confidential Invoice Discounting is provided for established, profitable companies with a strong balance sheet and the arrangement is not disclosed to your customers. Confidential Invoice Discounting is most suited to businesses with UK sales of at least £200,000 per year, which have a minimum net worth of £25,000 and have demonstrated reasonable profitability.

Disclosed Invoice Discounting is provided to younger growing companies or to those whose balance sheet is not so strong.

These companies are selling goods or services on normal credit terms. Likewise they are likely to have a computerised credit control system and effective credit management techniques.

The benefits

A truly flexible business funding solution:

No more cash flow headaches or uncomfortable conversations with your bank manager, allowing you to concentrate on developing your business.
The ability to obtain immediate 'cash on delivery' from your sales.
The flexibility that allows you to negotiate attractive supplier discounts ensuring that your increased cash flow works for you.
Complete responsibility and control of your sales ledger and customer relationships.

Our Charges

Our charges fall into two main categories:

A discount charge calculated against funds drawn at a rate comparable to, and often better than, your existing overdraft.
An administration fee calculated as a percentage of your turnover.

How much funding can I have?

Use our Invoice Finance Calculator to get an estimate of the level of funding invoice finance could release.