Invoice Finance
Invoice Financing allows businesses to access funds that are owed to them in unpaid customer invoices to fund future growth, manage cashflow or support any seasonality.
Invoice Finance allows you to drawdown funds against the invoices wating to be paid by customers. The lender will take a charge over the debtor book as security with up to 90% of the invoice value being made available.
Invoice Finance is quite a dynamic product that can grow and adapt to meet your business needs. Facilities are available to most companies who trade on a business to business basis, from start-ups up to global corporates with the ability to finance in multiple currencies.
You have the ability with some invoice finance products to:
support credit control
insure the debt or assist with import/export in an easier manner
support any FX requirements
Invoice finance can be
disclosed (factoring)
confidential
or a blend of both
it can selective or can cover all customers
Getting the correct solution for the business is key, therefore, assessing the business requirement is key as every business is different and every debtor book is different. At TCF, we will analyse your debtor book with you to provide a solution that will fit your needs both for now and in the future.
Security, guarantees or indemnities may be required. Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances. Product fees may apply. Finance subject to status and is only available for business purposes unless otherwise stated. Over 18s only. Any property or asset used as security may be repossessed or forfeited if you do not keep up repayments on any debt secured on it.