Do you need to find companies offering invoice discounting online? There are many reputable and reliable firms ready to help if you feel invoice discounting could be right for you. With invoice discounting, you borrow money against your unpaid invoice or invoices and settle up once you have been paid. You’ll usually get to keep around 85-90% of the money owed to you once the financier’s cut is taken into consideration. Discounting could be right for you if you enjoy a good relationship with the client, expect to trade with them in the future, the invoice isn’t late, but you just need the money early or don’t want the client to know you have used a financier.
Make your choice carefully
If you don’t mind your client finding out you’ve worked with a financier, the invoice is overdue, you don’t have the time or resources to chase up payment yourself or don’t think you will be selling products or services to the client again, you may wish to opt for invoice factoring instead. With invoice factoring, you sell your invoice to the third-party, who then chase up payment themselves. Which option is right for you will depend on your own circumstances and your relationship with the client.
Drive your business forward
A growing number of companies from many different sectors are now using invoice finance when they need to generate money fast to settle their own debts, boost their cash flow, keep their businesses moving and avoid missing out on fantastic investment opportunities. It could be helpful to speak to three or four different companies about what they have to offer so you can come to an informed decision on which firm to work with. Invoice financing could be the key to driving your business forward.