Overview of what to expect from invoice finance solutions.
Businesses can use unpaid invoices as security towards a short-term finance agreement to secure a release of funds up to a specific agreed amount. This can be up to 90% of the amount of the invoice with the lender charging a fee and a monthly repayment cost until the invoice is paid. Any funds remaining after fees will be paid to the business.
There are a couple of different variations where either the business or the lender will chase the payments of the invoices due.
Invoice finance is used as a quick, flexible finance solution as it can scale as the company grows. At Millbrook, our team of lending specialists can help you find the best option for your requirements.
Explore our invoice finance solution page or get in touch to discuss your business needs.