Selective Invoice Finance
Our Invoice Finance Solutions
Choosing a Selective Invoice Finance Facility can be an incredibly helpful and effective solution for SMEs looking to release funds against one – or more – outstanding invoices.
By unlocking the value held in individual invoices rather than an entire sales ledger, businesses can enjoy working capital within 24 hours of the unpaid invoice being raised. This offers ultimate flexibility and convenience for those needing a little extra help when that all-important cash flow dips.
What is selective invoice financing?
Selective invoice finance is, as the name suggests, one of many forms of invoice finance.
A few different financial products sit neatly under this umbrella. But essentially, invoice finance is generally known as a short to medium-length way for businesses to borrow the value of unpaid B2B invoices.
Other types of invoice finance include ‘Invoice Discounting’ and ‘Invoice Factoring’ – also known as ‘Disclosed Invoice Finance and ‘Confidential Invoice Finance’ – which are also popular ways for businesses, both big and small, to reliably secure capital.
Selective invoice finance, which is sometimes known as Selective Invoice Discounting, Spot Factoring, or even Single Invoice Finance, works on a similar basis. The key difference with this facility is its ability to release funds against one or more invoices.
Unlike other products, such as Disclosed or Confidential Invoice Finance, which looks at all unpaid sales invoices – it’s entirely up to the business to decide how much value is taken from the outstanding ledger.
The benefit of these types of Invoice Financing is the ability to access support at any time. All SMEs have to do is choose which invoices they would like to borrow the value against, providing access to cash when overheads are looming and gaps in invoices are set to cause a squeeze.
Providing a flexible and reliable funding solution, selective invoice financing can assist businesses big and small to maintain a healthy cash flow by injecting capital right where it’s needed.
We allow you to release up to 90% of your invoice amount within 24 hours of raising the invoice rather than waiting for payment terms to elapse.
Your business can access generous cash injections through the facility once it’s set up, using it against customer invoices as needed.
The benefits of single invoice finance can be seen in a variety of ways, including paying the bills, employee wages, and starting new projects.
Want to find the best Invoice Finance Facility for your needs?
We know that every business has different goals and unique needs – which is why we take a bespoke approach to finance.
By helping our clients access up to 90% of the value of outstanding invoices within 24 hours, minus our agreed fees, we are able to help clients reduce any cash flow issues and continue to grow at their own pace.
Our dedicated Relationship Managers regularly review our clients’ facilities to ensure they are best suited for the plans and goals of the SMEs we serve, providing a service that benefits them, their customers, and their interests.
How does the selective invoice financing process work?
When a business is facing cash flow concerns, a reliable invoice finance solution can help ease the burden that comes by bridging the gap between payments and pursuing new and exciting projects.
Selective invoice financing works very similarly to other invoice financing products. As with all facilities of this kind, businesses who trade directly with other businesses on credit terms can get paid quicker for the goods or services provided through the invoices issued.
However, businesses can access up to 90% of the value of these unpaid invoices within 24 hours – instead of waiting 30, 60, or sometimes 90 days for payment, which is common in many of the industries that our services assist.
All business owners need to do is select the invoice they wish to release cash for and our team can handle the rest, making a percentage of the value available for use.
Then, when the customer pays the invoice, the full amount of capital is unlocked – minus our fees. It’s not necessary to commit to a longer-term contract with a selective invoice finance facility, as it is built around the sum of one or more invoices.
So, whenever a business needs a helpful cash flow boost, this product is the perfect solution.
Are invoice financing solutions a good idea?
When it comes to supporting customer relationships, easing overall stress, and nurturing your business growth, this type of Invoice Finance is a great way of releasing working capital otherwise tied up in unpaid invoices.
When businesses are reliant on incoming funds from customer payments – often having to wait up 30, 60 or sometimes 90 days – it can hold them back from achieving their plans for growth or new projects.
As a result, one of the main benefits of Selective Invoice Finance is its ability to give businesses the extra bit of headroom needed to bring these goals to life.
As such, we provide invoice financing across a number of industries and sectors, such as:
- Haulage and Transport
- Security Services
- And many more.
To see how our work has helped thousands of enterprises up and down the country, why not explore our case studies?
Why choose Time Finance?
Providing proactive, innovative, and growth-driven solutions is what we do here at Time Finance.
Our team members combine a winning formula of straightforward thinking and a personal financial approach to every business that comes to us. Throughout the entire process, we pride ourselves on being open and responsive.
Building relationships is important to us, and we value our partnerships. Because of this, we offer business owners and introducers an unparalleled level of customer service. As a result, our clients remain with us on average for four years.
We provide support exactly where it needs it. Thanks to additional solutions designed to offer more flexibility, we can help a variety of businesses with late payments and cash flow issues.
Get in touch with us today to learn more about how we can help you and your business with flexible funding solutions.
Are you an Introducer? Introducing invoice finance to your clients is something you'll want to get right.
For this reason, we truly take the time to understand your clients’ needs and tailor a solution that fits them. In addition to being a relationship-driven funder, we offer the highest level of customer service in the industry. As a result, our clients usually stay with us for four years on average.
In order to make sure our clients have a solution in place which is right for them, we regularly review their circumstances.
So when it comes to finding the right finance provider for your clients, discover an excellent funding partner in us.
We care passionately about the carefully cultivated relationships and progress created by introducers for their clients, which is something we work hard to maintain and stimulate over the time you’re with us.