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Invoice Discounting
You benefit from instant funding against debtor invoices, freeing up valuable cash flow. You retain complete control of your sales ledger, credit control and collections.
Increasingly, this is a funding tool used for not only working capital but for management buy ins / buy outs, and acquisitions. It can be used by businesses both big and small. In the UK, we typically cater for businesses up to £250 million turnover but have the appetite and ability to consider larger companies, especially on a Pan European basis.
Whatever size your business is or its requirements are, we look to structure a facility to meet a client’s specific needs
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How Invoice Discounting works:
- You raise an invoice as usual.
- You send us a sales daybook listing.
- We typically advance up to 90% of the gross debts.
- You send out statements and chase cash as usual.
- You receive payments and bank the cash into a trust account.
- You then receive the balance of debtor receipts.
To discover how invoice discounting from EUROFACTOR can help your business break free from the restrictions of more traditional methods of finance, contact us today.
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