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.