Invoice Financing for Accountancy Firms
Invoice financing for accountancy firms is a strategic financial tool allowing businesses to borrow against unpaid invoices. This ensures steady cash flow and supports growth by unlocking funds, suitable for managing short-term financial needs.
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
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What are the benefits of Invoice Financing for Accountancy Firms?
The main advantages of invoice financing include improved cash flow and quick access to funds, with solutions tailored to your needs like business loan options. Decisions are typically fast, with funds accessible within 24-48 hours after approval.
Different Types of Invoice Financing for Accountancy Firms
Invoice Factoring
Invoice factoring is ideal for firms with high invoice volumes, offering up to 90% of invoice value. Flexible terms and typical rates from 1.5% per month make it a viable option.
Invoice Discounting
Invoice discounting suits established firms with a turnover above £250,000. It offers 80% to 95% of invoice values, ideal for maintaining control over sales ledgers.
Selective Invoice Financing
This flexible solution is suited for financing specific invoices with rapid decision times of 24-48 hours. It's great for firms managing seasonal cash flow gaps.
What is Invoice Financing for Accountancy Firms?
Application Process and Decision Timelines
The application process is straightforward, requiring business financial statements and customer invoice details. Decisions typically occur within a week, with funds available shortly thereafter. Our streamlined approach ensures swift access to capital.
Regulatory Compliance and Assurance
Operating under FCA regulations, invoice financing requires compliance with data protection and fair contract standards. By choosing our services, you gain a finance partner attuned to meeting these rigorous requirements, ensuring secure, compliant processing.
Understanding Borrowing Capacity and Rates
Borrowing amounts can range from £10,000 up to £5 million, influenced by invoice value and debtor reliability. Rates typically vary between 1% to 5% above base, with influencing factors including sector risks. Our competitive offerings align with your firm's financial health and growth.
