Invoice Finance
If your business is looking at a way of improving cash flow without relying on inflexible overdrafts, invoice financing can provide you with a flexible solution. Book a consultation with our team today and get expert guidance on invoice finance.
Invoice Financing Made Easy
Invoice finance releases the cash tied up in your invoices which are not due for payment for a period. This can be a great support to any business that needs to strengthen their cash flow. From invoice factoring to invoice discounting, this method of finance offers suitable businesses the freedom to manage their capital more effectively.
Types Of Invoice Financing
There are two types of invoice finance; Factoring and Discounting.
Invoice Factoring is a disclosed facility which includes credit control, debt collection and funding. The person buying your goods and services will know that you have a factor involved. It can also include bad debt protection.
Invoice Discounting is a funding-only solution. This is usually confidential and leaves the credit management to you. Like factoring, it can include bad debt protection.
Considerations
Before you agree to an invoice finance agreement, there are a couple of things to consider.
- Both types of invoice finance can often give you up to 90% of your outstanding invoice value within 24 hours of the work being completed or goods delivered.
- The remainder is paid to you after the customer has paid, minus a charge for the service.
Why Choose Pomegranate Financial Services?
At Pomegranate Financial Services, we offer expert advice for all your invoice financing needs. We are FCA regulated and we build relationships based on trust. We offer:
Expert Advice
Pomegranate Financial Services are a UK-wide business with hubs in major cities throughout the country. We’ll offer you sage advice every step of the way through your invoice finance application.
Bridge Your Cash Flow Gaps
Opting for invoice finance can open up resources that would otherwise be tied up as unpaid invoices. We’ll help your commercial business get access to your capital when you need it.
Flexible Solutions
Invoice finance can help you reach both your short-term and long-term commercial plans. Every business is unique and with your consultation, we’ll ascertain what solutions work best for you.
Save Your Business Time
Our invoice finance not only frees up money, but can free up essential time for the everyday management of your business. With invoice finance, you won’t spend anymore time chasing invoices.
Grow Your Potential
A vast proportion of UK businesses use invoice finance daily to grow their business potential. Choose us as your partners today to help us realise your goals.
Frequently Asked Questions
See some of the answers to our most frequently asked questions here. Alternatively, you can get in touch with a member of our expert teams directly with any of your queries or concerns.
What is the difference between factoring and discounting?
Invoice financing can be broken down into two terms, factoring and discounting. Factoring involves the financer taking ownership of the due to collect invoices directly from the customers. Discounting involves the financer providing advancing funds against the invoices without the third party collecting payments. Book a consultation today to discuss the best options for your business.
Are there any risks to invoice financing?
A factor to consider is that you won’t receive the full invoice amount. By choosing invoice finance, the lender will deduct fees and interest. Your customers may also be aware that the invoices are being managed by a different party, particularly when choosing the factoring method of invoice finance. Discounting invoice finance can be a means to keep the process confidential.
How much money can I borrow?
The amount of money advanced for each invoice is agreed upon at the beginning of the invoice financing process. Your type of business, the creditworthiness of yourself and your customers, the number of invoices and the invoice value will be considered at the outset.
What areas do you cover?
We work with commercial businesses all over the UK and are based in major hubs, including Manchester, Liverpool and London. Book a free consultation with our friendly team today!
What other finance options does Pomegranate offer?
We are experts in finance. As such, we tailor our services to suit your individual business needs. If debt consolidation does not seem appropriate to you, we also offer SME funding, unsecured funding, debt refinancing, revolving cash flow, debt consolidation asset finance, healthcare finance, trade and stock finance, foreign exchange and government grants.
In addition to working with commercial businesses, we also work in the property sector, offering services tailored to this area. View more about what we do throughout our website, or book a consultation today.
Discuss your invoice finance needs with our team of experts
If you want to discuss the options available to you give us a call, send us an email or use our contact form and one of our team will get back to you.