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• 01 Mar

  Invoice Finance Without Paperwork And Forecasts

  

  Looking for invoice finance without all the paperwork and financial forecasts? One of our panel of funders could be the ideal option for you as they offer a service that has no fuss, hassle or waiting to get paid against your invoices.

  Call 03330 113622 for a quote.

  Invoice Finance Without Paperwork

  Getting funding against your invoices can be a great way to increase working capital and improve your cash flow position. However, sometimes people are apprehensive that there will be a lot of paperwork and information required before they can apply.

  One of our panel of invoice finance companies contacted us to reiterate how simple their funding process is. Unlike many providers, they don't use long-winded application forms, complicated contracts or require financial forecasts from their customers.

  A Simple Funding Process

  Instead, this funder uses a very simple funding process. A prospective customer company only needs to create an online account (via their simple online website) and enter the details of the invoices that need to be funded. The next step is that they will make a prepayment against that invoice(s) to your bank account.*

  No Financial Forecasts

  These days, many financiers will want to see your financial forecasts before funding your business. In this case, the funder focuses on the quality of the book debts, rather than the strength of the company applying for finance. This can be helpful if you are not financially strong, or if you don't have up to date financial forecasts.

  Of course, we would always recommend producing financial projections for any business. However, if you don't already have forecasts, or you need to get an accountant to produce them, it can be a costly and time-consuming exercise. Removing this requirement from the funding process can save you both money and effort.

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  Note: * subject to identity checks and validation of the invoice with the debtor.

  By Glenn Blackman