What is Invoice Finance?
Invoice finance is the umbrella term for a type of funding that provides fast access to cash tied up in outstanding customer invoices. It's an alternative solution to traditional types of business finance and is much more flexible than an overdraft or loan - ideal for funding expansion plans or improving your cashflow. There are two main types: factoring and invoice discounting.
With factoring we provide both funding and credit control. With invoice discounting only the funding is provided.