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. Use our tool to get an instant quote and 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.

They 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 the 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.

The funder Hilton-Baird Financial Solutions introduced us to has been great for us. Their invoice finance facility suits our needs completely and works exceptionally well, and if there are any problems our account manager is contactable and quickly resolves any issues. I am grateful to Hilton-Baird for their introduction and support throughout and would recommend them to any business which needs a new funding facility.

Mandy Gresty, Bennion Commercial Repairs Ltd

Some of the funders we work with

  • Sonovate
  • Metro Bank SME Finance
  • Accelerated Payments
  • 4Syte
  • Santander Corporate & Commercial
  • MaxCap
  • Nationwide Finance
  • ABN AMRO Commercial Finance
  • Regency Factors
  • Royal Bank of Scotland
  • Barclays
  • Time Finance
  • Berkeley Trade Finance Ltd
  • Davenham Trade Finance
  • Woodsford Tradebridge
  • Optimum Finance
  • Cynergy Business Finance
  • Pulse Cashflow Finance
  • Partnership Invoice Finance
  • Haydock Finance Ltd
  • eCapital Commercial Finance
  • Peak Cashflow
  • Giant
  • Tradeplus24
  • Leumi ABL
  • Investec
  • Aldermore Invoice Finance
  • Merchant Money
  • PNC Business Credit
  • Team Factors
  • IGF Invoice Finance
  • Castlebridge
  • Kriya
  • Lloyds Bank Commercial Finance
  • Ultimate Finance Group
  • InvoCap
  • Roma Finance
  • Close Brothers Invoice Finance
  • Skipton Business Finance
  • Blazehill Capital
  • Clear Factor
  • Praetura Invoice Finance
  • Davenham Asset Finance

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