Waiting 30, 60 or even 90 days for customers to pay can put unnecessary pressure on your business cash flow.
With Invoice Finance, you can access funding based on the value of your outstanding customer invoices, helping bridge the gap between completing the work and getting paid.
Invoice Finance is a form of business funding that allows you to access money tied up in unpaid customer invoices.
Instead of waiting for customers to reach the end of their payment terms, an Invoice Finance facility can release a percentage of the value of eligible invoices shortly after they are raised.
Once your customer pays, the remaining balance is released, less any agreed fees and charges. This can help provide a more consistent source of working capital.
Turn outstanding invoices into accessible working capital in four steps.
Provide your product or service and invoice your customer as normal.
Depending on your facility and eligibility, you may access up to 90% of an eligible invoice, often within 24 hours.
Your customer settles the invoice according to the agreed payment terms.
The remaining balance is made available after payment, less agreed fees and charges.
Access money tied up in invoices and create a more predictable flow of working capital.
Long payment terms need not put your plans on hold.
Help fund stock, suppliers, wages, equipment and business growth.
Gain flexibility for larger contracts, new customers and investment.
Available funding can increase as eligible sales and invoices grow.
Invoice Finance may suit businesses selling products or services to other businesses on credit terms.
Manage cash flow while awaiting client payments.
Support day-to-day operating costs between invoices.
Help fund materials, production and suppliers.
Other sectors include wholesale and distribution, food production, construction, and business and professional services.
At Vendor Finance, we believe business finance should be straightforward. With over a decade of experience in the Irish finance industry, our team works with businesses on a one-to-one basis to understand their requirements and identify suitable finance options.
Whether you’re dealing with lengthy payment terms, planning for growth or looking for greater flexibility in cash flow, talk to us about the options available.
Talk to the Vendor Finance team today and find out whether Invoice Finance could work for your business.