Single Invoice Finance

Boost your cash flow with single invoice finance

Single invoice finance, also known as spot factoring, can help you improve your cash flow by releasing capital that’s currently tied up in invoices.

Rather than waiting for your customers to pay, lenders can advance up to 90% of the invoice’s value within 24 hours – giving you fast access to vital cash.

As an experienced and independent invoice finance broker, we can introduce you to the most suitable single invoice factoring facilities and lenders for your requirements. Get an instant quote now to see how much funding you could release.

Benefits of single invoice finance

  1. Provides fast access to cash tied up in unpaid invoices
  2. You won’t be tied in to any funding facility or contract
  3. Great for high-value invoices or those with long payment terms that you would not necessarily have the ability to fulfil without instant access to the cash
  4. Funding is based on your customers’ creditworthiness, which can be particularly beneficial if you’re newly starting out or your business has a weak credit history

 

See how we helped our client secure spot factoring in 72 hours

How does it work?

When you issue an invoice to your client, you also send a copy to the spot factoring company.

The company will then verify the invoice with your client, and once happy that everything is correct they will advance payment directly to you – typically within 24 hours. This can be up to 90% of the value of the invoice, allowing you to keep cash free to fulfil the order.

When the customer pays the invoice according to the agreed credit terms, payment will be made it available to you, minus the pre-agreed fees.

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Is single invoice finance right for my business?

Finding the facility that best suits your business is extremely important.

For some businesses, having a facility in place that covers their entire sales ledger can be more beneficial and cost-effective, as well as less admin-intensive. However, the flexibility of being able to only select those invoices you wish to gain funding against can enable a business to control its cash flow effectively, without embarking upon a longer term contract.

To explore which option would be best for your business, call our team on 0800 9774833 or get a quote.

Hilton-Baird were extremely helpful and their comprehensive knowledge of the market enabled us to find the right funder for us at this time.

Andrew Carr, Managing Director, Fairdent Ltd

Some of the funders we work with

  • Peak Cashflow
  • Bibby Financial Services
  • Creative Capital
  • Leumi ABL
  • Barclays
  • Woodsford Tradebridge
  • Skipton Business Finance
  • Nucleus Commercial Finance
  • Close Brothers Invoice Finance
  • Clear Factor
  • Trade Finance Partners
  • IGF Invoice Finance
  • Berkeley Trade Finance Ltd
  • FIBR Tech Limited
  • Optimum Finance
  • Roma Finance
  • Regency Factors
  • Pulse Cashflow Finance
  • iwoca
  • Santander Corporate & Commercial
  • Royal Bank of Scotland
  • Accelerated Payments
  • Davenham Asset Finance
  • Metro Bank SME Finance
  • Blazehill Capital
  • PNC Business Credit
  • ABN AMRO Commercial Finance
  • Boost Capital
  • MaxCap
  • Davenham Trade Finance
  • Secure Trust Bank
  • MarketFinance
  • inFund
  • Lloyds Bank Commercial Finance
  • 4Syte
  • Ultimate Finance Group
  • Giant
  • Asset Advantage
  • Shawbrook Business Credit
  • Investec
  • InvoCap
  • Time Finance
  • Partnership Invoice Finance
  • Team Factors
  • Merchant Money
  • Aldermore Invoice Finance
  • Haydock Finance Ltd
  • Sonovate

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

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