Invoice finance is often misunderstood - especially when it comes to cost. Let us put the record straight.
Q. How does Invoice Finance compare to loans or overdrafts?
A. When you look at costs, Invoice Finance compares favourably with overdrafts. It normally provides a higher level of funding than loans and overdrafts and often requires less security.
Q. Why can't you provide an online quotation?
A. So that we can provide you with a tailored quotation we need to know the nature of your business, the profile of your customer base and to understand your funding requirements. We do this by arranging a meeting with you.
Q. You only pay up to 85% of the invoice amount. What happens to the rest?
A. The 15% balance, less our service charges, is paid to you when your customer settles the invoice.