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Invoice Discounting is a flexible funding-only solution which releases cash tied up in outstanding customer invoices, bridging the cash flow gap between raising an invoice and getting paid. You maintain the relationship with your clients and collect payments against outstanding invoices – we provide the cash to support you.
Improve your cash flow and maximise working capital
Invoice Discounting improves your cash flow and maximise working capital by providing an immediate injection of cash into your business against the value of your outstanding invoices.
Each time you raise an invoice Bibby Financial Services will release a percentage (usually up to 80%) of its value within 24 hours. The remaining balance, less a small fee will be paid to your business once your customer has settled the invoice payment in full. This provides both an immediate and ongoing supply of cash linked to your sales, so as your business grows so does the amount of funding available to you.
Invoice Discounting is ideal for businesses that want to retain control of their own collections and who already have strong credit control systems in place.
The benefits of Invoice Discounting for your business
- Fund business growth with increased working capital
- Win business by offering more competitive terms of trade with confidence
- Improve margins from suppliers with better buying power
- Access funds quickly to capitalise on business opportunities as they arise
- Improve supplier relationships through more prompt payment
- Improve customer relationships through more prompt fulfillment
- Useful in succession planning to aid the withdrawl and replacement of security and provide stable cash flow
- Gain confidence in strategic decision making with reliable cash flows
- Raise funds for Mergers, Aquisitions and Management Buyouts/Ins
- Additional funding available against Stock, Plant & Equipment and Property
Will my business qualify?
For your business to qualify for invoice discounting, you need only be trading with other businesses on credit terms and be turning over approximately $1m per annum.
Contact us today for a free and accurate estimate for your business