What is Invoice Financing
Invoice financing is a type of funding that allows businesses to access cash tied up in unpaid invoices. Instead of waiting for our customers to pay their invoices, our suppliers can receive a cash advance on the value of those invoices, allowing them to free up cash flow and invest in growth opportunities.
How Does Invoice Financing Work?
Our invoice finance service works by allowing importers to submit their unpaid invoices to our third-party invoice-finance suppliers.
They then review the invoices and if the importer qualifies, provide a cash advance on the value of the invoices to our vendor.
Our vendor can then use that cash for any purpose, such as paying bills, hiring new employees, or investing in new inventory.
Once the importer pays the invoice, the invoice finance company pays the vendor the balance less its service charge.
Benefits to your business
Invoice finance can provide businesses with a number of benefits, including:
Improved cash flow
With cash tied up in unpaid invoices, businesses may struggle to pay bills or invest in growth opportunities. Invoice financing allows businesses to access that cash and use it for other purposes.
Faster access to funds
Traditional funding options, such as bank loans, can take weeks or even months to secure. Invoice finance allows businesses to access funds much faster.
Businesses can choose which invoices they want to submit for financing and can use the funds for any purpose.
No personal guarantees or collateral required
Unlike traditional funding options, invoice financing does not require businesses to put up personal guarantees or collateral.
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How to Apply for Invoice Finance
To apply for invoice finance through our marketplace, businesses simply need to submit their unpaid invoices for review. We will then provide a cash advance on the value of those invoices and work with the business to set up repayment terms. Contact us today to learn more and get started.