Invoice Financing for Professional Services - Get a Quote
Invoice financing is a financial service that empowers businesses to receive advances on unpaid invoices, enhancing immediate cash flow. This is especially beneficial for professional service firms facing delayed payments, as it turns outstanding invoices into working capital quickly. For comprehensive solutions, visit our invoice financing guide.
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Invoice Financing for Professional Services?
The primary benefits of invoice financing include improved cash flow, the ability to maintain operational capital without accruing additional debt, and streamlined financial planning. Companies can access funds swiftly, often within one to three days post-invoice submission. Learn more about our services at working capital loans.
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Providers
What are the different types of Invoice Financing for Professional Services?
Invoice Factoring
Invoice factoring allows businesses like legal practices and accounting firms to unlock up to 85-90% of invoice value. Eligibility includes UK registration and a turnover of at least £100,000. More details are available on invoice factoring.
Invoice Discounting
Invoice discounting suits larger businesses, offering 80-90% of invoice value while allowing them to retain sales ledger control. Typically available to companies with a £250,000 turnover. For specifics, check invoice discounting details.
Selective Invoice Finance
Selective invoice finance provides flexibility by letting companies choose specific invoices to finance up to 95%. It is perfect for SMEs needing non-recurrent solutions. Explore more at selective financing.
What is Invoice Financing for Professional Services?
Application Process
To start with invoice financing, businesses must submit financial records, credit history, and detailed invoice information. We pride ourselves on quick assessments, often deciding within 24 hours. For detailed application steps, visit our application guide.
Regulatory Requirements
In the UK, invoice finance providers need to be FCA registered, ensuring compliance with strict data protection laws like GDPR. Our expertise ensures your compliance requirements are aptly managed. Learn more about our regulatory practice at invoice finance compliance.
Borrowing Capacity and Rates
Your borrowing capacity depends on turnover, client creditworthiness, and invoice quality, with borrowing typically ranging from £10,000 to several million. Rates vary between 1% and 5% depending on risk factors, where our offerings aim to be competitive. Explore our rate guides at calculator.
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