Invoice discounting vs. factoring: what’s the best invoice finance option?
While the concepts of factoring and invoice discounting are similar, their practical workings differ. The primary distinction between the two invoice finance types is in the control of the sales ledger. Before delving into these differences, let’s provide a brief explanation of how invoice finance operates in general terms. What is invoice discounting and […]
What is invoice discounting? Is it the right finance facility for my business?
What is the most appropriate type of funding for your business? Invoice discounting is a financing option that allows business owners to use the value of their sales ledger. When you send an invoice, a part of the total amount is made available by the lender, providing essential working capital during the month. This financing […]
What Businesses Need to Know about Invoice Factoring Agreements
What you need to know about invoice factoring before you sign up The advantages of borrowing money based on outstanding sales invoices are evident, but it’s crucial to ensure that all aspects of your factoring agreement are acceptable. Scrutinising the small print before signing what is usually a long-term contract is vital to avoid any […]
Understanding the Advantages and Disadvantages of Invoice Factoring
The pros and cons of an invoice finance facility for your business Invoice factoring proves to be an effective and dependable method for generating consistent working capital. It alleviates the burden of timely bill payments, providing the opportunity to strategise for enduring expansion. The pros and cons of factoring differ based on your business type. […]
The Most Common Industries that Use Invoice Finance, Factoring and Discounting
Which industries is an invoice finance facility suitable for? Invoice finance works well for many industries. It provides the flexibility to respond swiftly to market changes and can serve as the foundation for a growth strategy. Let’s explore different industries where factoring and invoice discounting are especially fitting, highlighting the reasons why companies opt for […]
Invoice Finance Market Compared: Factoring and Discounting Rates & Costs
How much does invoice finance actually cost? If you are intrigued by the concept of invoice finance but uncertain about the associated costs, it can be beneficial to understand the various components of a factoring or discounting quotation. Seeking professional advice or hiring a broker to identify deals tailored to your business can also be […]
Hire purchase
How a hire purchase agreement can help your business Hire purchase offers a way to finance essential business equipment. You make payments in instalments, preserving your working capital. Ownership of the asset may transfer to you upon completion of all instalments, but you are accountable for maintenance and insurance throughout the process. Assets typically acquired […]
Finance leases
How a finance lease can help your business Finance leases are equipment leases that provide businesses with access to valuable assets without the upfront cost. Also called capital leases, ownership remains with the leasing company, and the asset doesn’t reflect on the balance sheet. Commercial finance leases resemble operating leases with fixed terms, but finance […]
Commercial Property Loans
Finance options for commercial property Commercial property loans aid in financing the acquisition of business premises, supporting investment initiatives, fostering company growth, and facilitating business expansion. Various property loans and finance options, including commercial mortgages, bridge loans, and development finance, are at your disposal. How a commercial property loan can help your business If […]
What to do if you have been refused bank borrowing
My business has been refused a bank loan. What other company finance options are available? Introduction Whether your firm is a new venture or firmly established, facing obstacles in obtaining vital business finance is not unusual. If your bank or another potential finance source has turned down your request, various factors could be behind […]