What is invoice finance?
It is a type of business finance offered to companies who want to release money tied up in outstanding invoices.
There are two main types of invoice finance
- Invoice Factoring – The lender will carry out invoice administration and chase any outstanding invoices
- Invoice discounting – You carry out invoice administration and oversee your debt ledger
There are many lenders who specialise in invoice finance, with a range of options available.
How much you can finance per invoice varies between lenders, however most will finance up to 90% of the total invoice amount.