Invoice Finance enables you to rapidly release cash by converting the value of invoices that have yet to be paid into working capital.
A lack of funding can easily hold your business back, but Invoice Finance can provide you with the flexibility to grab new opportunities when they happen and help you to achieve the goals you desire.
At Funding11 we will never tell you how your business should be run, but we want to help you go even faster.
Invoice finance covers a variety of invoice-based lending, including invoice and selective invoice discounting, invoice factoring as well as spot factoring.
Each of these unlocks cash that is tied up in unpaid invoices and helps smooth out your cash flow. It is done by invoices being sold to third parties who advance some of the value of the invoices in return for a cut.
You may have heard of invoice Finance by its other names like Receivables finance and Accounts receivables finance. The main advantage of invoice finance is that you are paid most of an invoice within just 4 hours, instead of having to wait 30 or more days.
Another advantage is that this method provides businesses with a method for funding growth without extra liabilities or increased debt. Our rates are typically between 1% and 4% per month, and we can fund up to 90% of the invoice value.