What is whole turnover invoice discounting?
This funding solution sees a revolving credit facility secured against your whole invoice ledger. This gives you the freedom and security of accessing funds locked in invoices as soon as you issue them, rather than being beholden to slow paying or unpredictable customers.
For this arrangement, your whole ledger must flow through the facility. You will have access to up to 90% of the value of each invoice, and because the facility is revolving, you can continue to borrow up to an agreed amount when repayments are made. This grants your businesses flexibility and helps you to avoid lulls in cash flow caused by seasonality or customer whims.
Who is suitable for whole turnover invoice discounting?
Businesses who choose whole turnover invoice discounting are often in fast-paced industries with a healthy amount of creditworthy customers. If you find your customers to be reliable but slow paying, this type of lending may be the perfect solution for your business.
Our whole turnover invoice discounting customers enjoy the simplicity of knowing that every invoice is automatically considered for their borrowing facility. If you want to be more selective with which invoices are borrowed against, we may recommend another type of invoice discounting arrangement. Give us a call and we’ll be happy to help you arrive at the most suitable solution for your business. You can also be assured of:
Fixed interest rates and no hidden fees
Flexibility to repay weekly or monthly
No hidden fees
Applications considered from any industry
Money for any purpose
A slick application process