Invoice Finance

Cash flow can often be a problem for small and growing businesses. Invoice Finance is a means of optimising your cash flow, removing the peaks and troughs and ultimately making cash easier to manage.

Invoices are often overlooked as one of the most flexible "assets" within the business. As such, rather than have money tied up in invoices that have yet to be paid, you can receive an initial payment up front (typically 80% to 85% of the gross value of the invoice) and the remainder when the customer pays the invoice to the Invoice Finance provider – less a fee charged by the Invoice Finance provider. The benefit to the business is that it obtains the majority of the value from its invoices, instantly, without having to wait for the customer to pay.

Spa Financial Solutions would be pleased to discuss this option of financing your business and can recommend a provider of this valuable business support services. Whilst most invoice providers will require that the business and individual has a excellent credit rating Spa can recommend routes to providers if the sole trader has a less than perfect credit rating.