FINANCE OPTIONS
Selective Invoice Finance for Tradespeople and Contractors
Selective Invoice Finance for Tradespeople and Contractors is a way to get paid faster by borrowing money against specific unpaid invoices, rather than waiting for customers to pay. It helps you keep cash flowing without taking out a big loan. Interested in learning how it can boost your business? Let’s chat!
- 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 Tradespeople and Contractors?
Selective Invoice Finance for Tradespeople and Contractors allows businesses to unlock cash tied up in unpaid invoices, providing immediate liquidity. This financial solution is particularly beneficial for those in the trades, as it helps manage operational costs and maintain workflow without waiting for invoice settlements. By selectively choosing which invoices to finance, tradespeople can better control their finances and take on more projects without the cash flow strain.
Improved cash flow
Flexible funding options
Instant access to funds
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What are the different types of Selective Invoice Finance for Tradespeople and Contractors?
Spot Factoring
Financing provided on a one-off or selective invoice basis, rather than the whole sales ledger.
Single Invoice Discounting
A facility allowing businesses to receive funds against individual invoices, without committing to ongoing agreements.
Selective Recourse Factoring
Funding specific invoices with the obligation to repay if the customer doesn’t settle the invoice.
What is Selective Invoice Finance for Tradespeople and Contractors?
What Is Selective Invoice Finance?
Selective Invoice Finance lets tradespeople and contractors choose specific invoices to sell to a finance provider for fast cash, instead of factoring all their invoices. This way, they get an immediate advance (usually 70–90% of the invoice value) just for the invoices they choose.
How It Works and Why Use It
You pick an invoice, get most of the value paid out quickly, and once your customer pays, you get the rest minus fees. It's based on your customer's ability to pay, not your own credit, so it helps when cash flow is tight or payment terms are long. There's no need for a long-term contract—it's a flexible option you use when needed.
Benefits and Considerations for Tradespeople & Contractors
Benefits include fast access to cash, flexibility, and keeping control of your finances. It's useful for paying suppliers, covering payroll, or funding projects between payments. However, costs per invoice can be higher, admin work is needed, and it works best if your customers are reliable in paying their invoices.
FAQ’S
What is Selective Invoice Finance for tradespeople and contractors?
How quickly can tradespeople and contractors access funds using Selective Invoice Finance?
What fees are involved in Selective Invoice Finance for tradespeople and contractors?
Is Selective Invoice Finance suitable for project-based or irregular work?
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