Definition of whole turnover invoice discounting
“Whole turnover invoice discounting is a means of raising finance by selling your whole sales ledger to a third party finance provider who will release up to 90% of the value of each invoice to you immediately.”
Many companies come up against a funding gap occasionally, between the time that they have issued an invoice, and the date that they receive payment from a customer. Sometimes you need to speed up your cash flow cycle to snap up stock, replace equipment or just because you have hit a minor lull in trade.
In this scenario, whole invoice discounting is a good invoice finance solution because it frees up a revolving credit facility of up to 90% of your turnover at any one time.
Call us today on 03330 069 141 to find out if whole turnover invoice discounting could unlock the buying power within your whole sales ledger, and ensure you never have to miss out on a lucrative opportunity.
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