FINANCE OPTIONS
Get Selective Invoice Finance for Medical Device Suppliers
Selective Invoice Finance for Medical Device Suppliers is a simple way for suppliers to get early payment on specific invoices instead of waiting for their customers to pay. It helps improve cash flow without borrowing money. If you're interested, feel free to ask how it could work for your business!
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Selective Invoice Finance for Medical Device Suppliers?
Selective Invoice Finance for Medical Device Suppliers allows companies to manage their cash flow effectively by providing immediate access to funds against unpaid invoices. This service supports suppliers who face cash flow challenges due to long payment cycles typical in the medical industry. By utilizing this financing method, medical device suppliers can continue to operate smoothly, invest in new technologies, and meet market demands without being hindered by overdue payments.
Improved cash flow
Flexible financing options
Quick access to funds
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What are the different types of Selective Invoice Finance for Medical Device Suppliers?
Spot Factoring
Finance for individual invoices, chosen by the supplier, instead of all invoices.
Selective Invoice Discounting
Supplier gets funding on selected invoices but keeps the collections process in-house.
Single Invoice Finance
Short-term finance based on a single invoice, often used for large or urgent orders.
What is Selective Invoice Finance for Medical Device Suppliers?
What is Selective Invoice Finance?
Selective Invoice Finance (SIF) allows medical device suppliers to choose individual invoices to sell to a finance provider in exchange for immediate cash, instead of financing their entire sales ledger. This provides quick funds to cover expenses or grow the business.
Key Features and Flexibility
SIF offers flexibility because suppliers decide which invoices to finance and when to use the service. There are no long-term contracts required, and suppliers can maintain control over their accounts receivable process.
Advantages for Medical Device Suppliers
The main benefits include improved cash flow, reduced financial pressure, and operational support. Suppliers can access most of their invoice value quickly (usually 70-96%), avoid taking on debt, and focus resources on growth or large orders. However, each invoice must be approved, and there may be higher fees per transaction compared to whole-ledger finance.
FAQ’S
How does Selective Invoice Finance benefit medical device suppliers?
Is Selective Invoice Finance suitable for NHS contracts?
Can medical device suppliers choose which invoices to finance?
What is the typical advance rate for medical device suppliers using selective invoice finance?
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