Invoice Finance provides businesses with a boost in cash flow. By obtaining lending for up to 90% of unpaid invoices, you can easily meet your payment deadlines whilst waiting for your clients to settle their unpaid invoices.
One of the most common elements of Invoice Finance is Factoring, providing access to an enhanced solution including ongoing communications, credit checks and recovery actions (if needed). Another solution is Discounting which is more suitable for established businesses who already have an excellent administration solution and just need an invoicing facility. There are also solutions for business start-ups, micro and small businesses who may have limited reporting capabilities and are in need of a factoring limit of up to £250,000.
Here at NGI, our Invoice Finance solution is about making fast decisions, giving total flexibility and providing support to improve cash flow as and when companies need it. For example, we have recently assisted a global training company (who have always used invoice finance but were looking at alternative suppliers) providing them with a new facility giving them greater flexibility and access to more cash. We also assisted a new start-up haulage company that needed invoice finance to allow them to start trading and assisting them with meeting payroll needs.
If you have questions or need some help, please call us on 01993 706403 or e-mail enquiries@ngiresidential.co.uk.