Invoice Finance Broker – Advice

Looking for an easy way to unlock the cash tied up in your unpaid invoices? Invoice factoring or could be the solution to your cash flow worries. 

“Our invoice financing deal is now ten times better than it was before, thanks to Mark Smillie” – William Fulcher

Been turned down for finance elsewhere because you have a poor credit history, company failures or CCJs?If your invoices are good we should still be able to help you out with invoice factoring. 

What is invoice factoring or finance?It’s a lending facility which helps improve cash flow by giving you quick access to funds trapped in unpaid invoices.

Allowing you to meet your financial commitments, invest in growth, and say goodbye to the worries of late payments or bad debts.

It’s a brilliant way to streamline your finances and concentrate on what really matters—your core operations.

• No commitment or monthly fee
• Choose an invoice or multiple invoices
• Receive the money the same day
• Collect the invoices yourself
• No personal Guarantee is necessary.

Alternatively, we can arrange loans secured on your book debts, starting from £50k to £5m, with a 5-day turnaround.

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Everything you need to know about invoice finance and factoring: 

SELECTIVE INVOICE FINANCE

As the name might suggest, Selective Invoice Financing works by selecting particular invoices on which to raise cash. Then, the finance company pays you the balance in advance.

This a fast, flexible and discreet route to finance for companies with large invoices to clients with lengthy payment terms. There is no contractual commitment and no personal guarantee is required.

SECUREDINVOICE FINANCE

To get a business loan secured on your book debts, the finance company will take a charge on the existing outstanding amounts and provide you with a loan. You’ll get a fixed rate of interest and you’ll only pay the interest payments on a schedule as you can make capital repayments at any time or rollover the loan at the end of the term. Additionally, there’s no personal guarantee required for this type of loan.

If an interest only loan of up to £4m would support your business then this is the route for you.

tailored INVOICE FINANCE

Because we know that every business is different, there are routes to invoice finance which can be designed specifically based on your circumstances.

We have the contacts and expertise to put together a package tailored to your business. So, if you’re concerned that your business isn’t quite “typical” enough then don’t worry, we’ll put together an application to help you get an offer of finance which suits your situation.

Invoice finance broker tips

Please note: To get it right with this type of finance you really need the inside track, that’s the part the salesman does not tell you…You have to consider hidden charges, quality of customer care once signed up, and that you might be liable to lose some clients because of their verification process.To get it right, talk to us…

• If you are worried about late payers making things difficult for you then invoice finance allows you to get paid when you need it (even as soon as you raise the invoice), then repay the finance company in 60-90 days when your client pays you.
• A great type of finance for any business which consistently waits on payments due to the nature of its operation or its clients.
• Invoice finance can be especially good for those in the Construction sector as we can arrange payment on your Uncertified Applications for Payment

The BIG problem with invoice factoring 

You’ve probably heard of companies having problems with their factoring and invoice discount companies.

It’s simply that they went to the wrong company. At the last count, there were 92 companies that would lend you money on your book debts. Well, go to the wrong company, one that doesn’t truly understand you and your business and you’ll have major problems. Most company directors are attracted by the finance company’s name and the interest rate.

After all, that’s what the salesman sells. But it’s imperative that you get help choosing the right finance company, as this will alleviate so many problems. Here are some of the common complaints that we here every week:

• There’s a raft of hidden charges that I wasn’t aware of. 
• The staff turnover is ridiculous, so I never speak to the same contact twice. 
• They are completely inflexible and my finances are much worse now than they were before. 
• I spend more time dealing with the finance company than I run my business and my stress levels are through the roof.
• I’m locked in and I can’t get out.

However, there are so many benefits to choosing the right finance company. You can expand or bid for any job secure in the knowledge that you have financing. The finance company doesn’t contact your clients, there’s a very clear fee structure in place with no hidden surprises. 

The biggest mistake people make is being forced to model their business around what suits the finance company. Well, here at Ringrose Business finance, we offer a solution which is tailor made to suit your company instead. 

Ready to chat about invoice factoring? 

Call now: 0800 612 5364

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