Call us: 03330 113622

Blog home
Categories
Popular Posts
Recent Posts
Archive

• 03 Aug

  Discounting Finance

  

  Discounting finance is also sometimes known as receivables finance. It provides a cash prepayment against the sales invoices that are outstanding to your customers, which can also be called your debtors. Your sales ledger is made up of numerous such invoices, so you may be able to raise finance against all of them, creating a significant cash injection to your company.

  Discounting Finance

  It usually refers to invoice discounting, which is the provision of funding against invoices, but with the client retaining the credit control function in-house. There are many types of invoice discounting, which are explained in our guide. To understand the full range of receivables financing facilities, and how they work, we have produced a free guide to receivables finance.

  Discounts On The Cost Of Finance

  If you are looking for discounts on the cost of finance, we are able to help you find quotes. We deal with a broad range of different discounters so we have access to the latest offers and discounts. We can conduct an market wide quote search for you, to find the best facilities and rates.

  FundInvoice have just been confirmed as Finalists for Broker of the Year 2020 at the Business Moneyfacts Awards. We have been able to find our clients average savings of 31% of the cost of quotes that they have sourced elsewhere. We don't charge you to use our service, we may receive a commission from the finance company if you choose to go ahead.

  If you are looking for examples of typical rates that you might expect to pay, we have some examples in the guide mentioned above, of the pricing for different sizes of business. Please consider that every facility has to be costed on the basis of your business, therefore, these example prices are illustrative only. We always relish the opportunity to beat the rates that clients have been quoted elsewhere, so please see how much you could save by letting us provide a quote for your discounting finance.

  By Glenn Blackman