Having large amounts of cash locked up in your debtors can significantly stifle your growth. Invoice Finance is a simple solution that can help you free up cash that is tied up in your unpaid invoices.

According to UK Finance, over 35,000 UK businesses are using invoice finance. Invoice Finance can be a useful tool if a business is finding that their customers are taking too long to settle an invoice, or worse, not receiving payment at all. This solution can help maintain a positive cash flow.

There are two main types of invoice finance, invoice factoring and invoice discounting. Both funding solutions allow you to sell your invoices and release up to 95% of the value; the only difference is that invoice discounting can be confidential, you as a business retain complete control over all invoice administration and debt management. This is ideal for businesses that want to keep their use of this service private.

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