Invoice Financing for Small Businesses and SMEs that need cash flow now
cashflow is essential to the success of your business
Coates Finance can provide you with a invoice finance solution that will help your small business or SME to flourish.
If you issue invoices for goods or services to other businesses and find yourself waiting to be paid or managing late payments, Invoice Finance can offer many benefits to businesses.
If this situation sound familiar, invoice finance could give your business the cashflow injection it needs.
By releasing cash against your outstanding customer invoices before they’ve been paid you can manage your cashflow, and your business, more effectively.
We can fund almost any business through our selection of business finance solutions.
Discover how we can arrange the ultimate solution for you.
Finance your Business Growth with these 2 types of Invoice Finance
Invoice Finance Your Business to Success
Change in the Industry
There are two types of invoice finance products:
- invoice discounting,
The biggest difference between them being who collects the customer payments.
Each allows you to release a large proportion of an invoice’s value within 24 hours of its issue.
Once your customer has made their payment, the remaining balance is paid to you, minus any fees.
Many businesses that use invoice finance also add bad
debt protection to make sure that they still receive
payment if their customers can’t settle their invoices.
This is known as non-recourse factoring.
Factoring Finance: – This an attractive option for smaller businesses, whose resource would be better spent on day-to-day activities.
The finance provider has a dedicated credit control team collect your outstanding invoices, your time is freed up to concentrate on running your business.
Invoice Discounting: – This is similar to factoring, in that it gives you access to cash as you issue new invoices.
However, a key difference is that you’ll be responsible for collecting your payments, while your use of an invoice finance product will be kept completely confidential from
Reap the Benefits
Maximise your Profits and Scale your Business Growth with Invoice Financing
BOOST YOUR CASHFLOW WITHOUT THE NEED FOR DEBT
Because invoice finance is not a loan, you’re not taking on any debt. This keeps your cashflow healthy.
MORE TIME AND RESOURCE TO FOCUS ON YOUR BUSINESS
If you choose factoring, you get a dedicated credit control service, allowing you to focus your time and energy on your business.
MINIMISE LATE PAYMENT AND BAD DEBT
To safeguard your business, you can choose to add bad debt protection. This is known as non-recourse factoring, where we take on your bad debt risk, unlike recourse factoring, where the risk of not being paid by your customers remains with you.
With an improvement in cashflow you’ll be in a better position to realise new opportunities, take on new orders or expand and invest in your business.
TAKE ADVANTAGE OF DISCOUNTS FROM SUPPLIERS
You will be able to take advantage of volume discounting deals with your own suppliers as you will be in a position to buy larger units or to take advantage of supplier discounts for early payment.
GET TO KNOW YOUR CUSTOMERS BETTER
We can give you useful information about the credit standing of your customers, which can help you to negotiate better terms with your suppliers.
It also means you can take on better quality customers and improve your debt position between more customers instead of concentrated in just a few.
How does invoice financing work?
- Send your invoice to your customers and send a copy to the funder
- On receipt of your invoice, the funder will advance an agreed percentage of the invoice value to you within 24 hours
- IF Factoring – The funder will undertake credit control on your behalf, chasing customers until invoices are paid
IF Invoice Discounting – You chase payment of the invoice and your customer makes payment into a dedicated business account
- Once your customer pays in full, the remaining percentage is returned to you, minus an agreed fee
How does invoice financing cost?
We work with you to provide ongoing support that adapts to your changing business requirements.
Fees are based on the level of support required and when compared with other sources of finance, invoice finance is a cost-effective way to fund your business.
What it saves you:
If you would like to see how Invoice Financing could help your business, please get in touch. Complete the short form below to request a call back or call us today.
Here are some of the business we have supported and financed
- Business Support / Consultancies
- Construction Companies
- Estate, Letting and Managing Agents
- Independent Financial Advisors / IFAs
- Marketing, Advertising Agencies
Research and PR Companies
- Planning Consultants
- Property Service Businesses
- Property Surveyors and Valuers
- Solicitors / Legal Advisors
- Trade and Export Consultants
- Waste Recycling
- Insurance and Pension Advisors
- Insolvency Practitioner
- Mortgage Advisor
- Property Selling Agents
- Security Guard Services
- Scaffolding companies
Here is What You Need to Get Started
Fast Invoice Finance for Small Business and SMEs in 3 Easy Steps
Partner with one of the UK’s leading asset finance providers.
Our friendly team of experts are waiting to assist you and your company.
We’ll help you find a solution that meets your needs, and take the hassle out of the decision-making process so you can spend more time on what matters to you most – growing your business.
We have streamlined the application process and made it super simple to apply for the funding you need.
Complete the short form below and let’s get started today.
Complete the form below and speak to one of our knowledgeable business finance professionals, who will answer your questions and guide you through every step to a solution that works for you.
You can also give us a call if you need immediate answers to your questions. Our friendly experts will happily answer any questions you may have before you begin your application.
Call us on 01904 948008
Lines are open
9:00am – 5:30pm Monday to Friday
(excluding UK bank holidays)
We'll Help You Every Step Of The Way
Invoice Finance Your Business Today
Follow the simple 3 step process to finance your business today.
Once you have completed the first step, we will arrange a call to answer any more detailed questions you may have and move quickly through steps two and three to get your financial requirements successfully approved.
Complete the Form
Complete the simple form below and apply online for the amount you need to grow your business
Receive Fast Approval
We will process your application and aim to get you approved for your desired amount in 24 – 48 hours
Now you’ve been approved, you can acquire the assets for you require to grow.
Let's Get Started
All you need to do is complete the form and submit your inquiry to get your no obligation quote today