Invoice Finance

Invoice Finance

Most successful organisations will find themselves short of capital if they are waiting up to 60 days for invoices to be paid. Grow Invoice Finance Services will help your get cash today from invoices that will be paid by your debtors tomorrow.

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What is invoice finance?


Invoice finance which is often known as invoice factoring or cash flow finance is a simple and efficient method of converting your 30, 60 or 90 day invoices to cash today. When a business enters into an agreement with a debtor financing company, it agrees to sell a percentage of its unpaid accounts receivable invoices to that company. Take note that invoice financing does not involve borrowing money or taking out a loan.

 

While there are fees involved – namely, the discount charge and the administration fee – it’s important to remember that invoice finance doesn’t require you to put down security in the form of real estate. With invoice finance, funds can be deposited into your account within 24 hours, and you can go about setting your business on the path to further growth and success.

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What businesses can benefit from invoice finance?


Many different businesses, regardless of their size, scope or industry, can benefit from debtor financing. If your organisation would like to improve the regularity and consistency of its cash flow, debtor finance may well be a good option for you.

Growth-oriented companies can use the cash income of debtor finance to expand further into the marketplace. Start-ups can use invoice finance to stay afloat during difficult periods. Companies with tax problems, or that are unable to secure other forms of financing, can also take advantage of debtor finance.

There is a common misconception that invoice finance is only for weak or unstable businesses that urgently need an injection of cash. This is not the case. Even profitable and well-established organisations can use invoice financing to achieve greater cash flow stability. For a business to be eligible for debtor finance, it simply needs to have current and undisputed invoices. Only one customer? Not a problem, CashFlow Advantage may still be able to provide you with the funding you need.

How can Grow Invoice Finance meet my debtor finance needs?


Grow prides itself on being able to offer your business debtor financing terms that are flexible and tailored to your individual needs.   Invoice finance works in the following

The product or service is delivered to the Supplier / Manufacturer of the goods.
An invoice is sent to both the client / invoice and Grow Invoice Finance.
Our team will advance Suppliers as much as 80% of the value of the invoice.
The client / invoice pays Grow Invoice Finance directly.
Your business is transferred the remaining 20% (minus a small fee).