Simple working capital finance releasing funds against some or all of your customer invoices
Invoice finance is the process of immediately freeing up cash from your invoices to your customers. Instead of waiting for 30 – 60 days for your invoice to be paid, you simply sell it to an invoice financier who will advance up to 90% of the invoice immediately. It keeps cash running through the business so you can pay for your own costs and bills, and make growth purchasing decisions. With bank overdrafts and other forms of short-term business finance that were traditionally used to aid your business’s cash flow increasingly unavailable, this form of funding is a highly agile funding method for many SMEs.
There are different forms of invoice finance, with differing benefits and drawbacks. Put simply though, invoice finance does the following for your business:
- Releases up to 90% of the invoice amount available within 1-2 days of raising an invoice.
- Unlike an overdraft, funding levels grow as your business does.
- It shortens your billing cycle.
- It can improve your own credit rating through prudent cash management.
- It can be completely confidential from your debtors.
- You retain control over your billing function or outsource it.
With the plethora of new and highly flexible solutions that mean you can select single invoices or debtors to discount as well as the whole of your debtor book, this is an area where an SME needs specialist advice and our consultants are well placed to deliver the most appropriate solution for your business’ finance needs.
It’s our aim to make invoice discounting simple and hassle-free.
Flexible, bespoke trade finance services
Genie Lending works with a number of specialist trade finance providers throughout the UK. These are essentially lenders who help businesses grow by financing their exports and imports in all sorts of innovative ways.
This can include stock finance, general supply chain finance solutions for businesses who supply large corporates.
Facilities in this area are almost exclusively bespoke.
Speak to one of our business finance specialists who can guide you through the complex trade finance environment. Call the team at Genie Lending today to discuss your invoice discounting requirements.
We hope to be of service to you soon.