Invoice financing is a way for your business to borrow money against the amounts due from customers. This allows you to receive most of the cash from your invoice value as soon as your invoice is raised.
When businesses make larger purchases, they usually do so on a lease/loan type basis, meaning they do not need to pay for the goods immediately. The company funding this larger purchase then supplies an invoice with the total amount and when the bills are due. However, in doing so, this ties up funds that would otherwise be able to be used elsewhere.
Invoice financing is used, as an excellent way to release cash back into your business for growth – or whatever purpose suits your business. It takes the pressure off chasing your debtors, and can give you peace of mind.
If you want to see how Kennet can help you and your business, get in touch with our friendly team by calling us on 01675 469200 or by clicking the link below.