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Invoice Financing for an SME

Business Finance, financing, Manchester, Liverpool, Leeds, London.

Without a doubt there are still many options when it comes to obtaining finance against your unpaid debtor book. The ability to release up to 80% of your unpaid invoices can provide a financial life line for many businesses and can provide a viable alternative to any bank finance arrangement.  Invoice financing is still an area of finance where there still seems to be many finance companies in the market for writing new business however how do you know which provider is best for your particular requirements. XLBusiness Finance has been helping many businesses obtain the most appropriate factoring and invoice discounting products based on their own unique set of personal circumstances.

Depending on whether a business requires factoring or invoice discounting we may recommend a completely different finance company. Although invoice discounting is less about providing a service the cheapest is not always the best because credit limits on individual customers and the overall funding limit must be taken into consideration. Also a bank invoice discounting company may be providing the cheapest facility however the banks are not always the best choice if your business experiences any difficulties. Factoring on the other had is all about adding value in terms of providing a credit control and efficient collection service.  Banks quote cheap rates however they are not the best at collecting the cash. An independent that doesn’t necessarily have to be more expensive will provide a much better service.

In addition we will take into account your geographic location, your turnover, the quality of your debtor book, whether there is a contractual element to your invoicing, the quality of your own internal procedures and of course the size of your required funding limit. Within a few minutes of your time and asking a few of these basic questions we guarantee to narrow the most appropriate finance company to to or three. This will save you time and money and free you to get on with running your business.

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Manchester
0161 980 0577

London
020 3301 4540

XL Business Finance Limited are authorised and regulated by the Financial Conduct Authority FRN 718737
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