Invoice financing is a wise choice for businesses looking to free up cash that is tied up in outstanding invoices. By securing extra cashflow businesses are able deal with the day-today running of their company more effectively and even use the added capital to help grow the business.
But why has invoice financing become so popular? With the rise in outstanding invoices holding businesses back in the modern market, converting these outstanding balances into usable capital is essential. When you secure invoice financing through a lender the factoring companies will purchase your unpaid invoices at a slight discount, delivering usable capital to you instantly as well as taking on the responsibility of reclaiming the debts.
Here with Quote Goat you can easily compare all offers of invoice financing. HSBC are one of the UK’s leading banks who are able to offer Invoice financing with Sales Ledger Management services to help you raise cash flow against your client’s unpaid invoices, removing the stress of tracking down capital yourselves. When you receive invoice financing with HSBC you also receive assistance collecting payments as your unpaid invoices are purchased and managed by their dedicated Sales Ledger Management team.
We make sourcing invoice financing with HSBC easy by boiling the process down to three simple steps. Firstly, you complete your application with us online; secondly, we will compare all invoice financing rates offered by the best lenders; and finally, when you have found the right offer for your business, you will receive funds worth up to 95% of your current outstanding invoices.
With invoice financing from HSBC you can gain access to around 90% of your invoice’s value the next working day with added credit protection to guard against late payment or bad debts. You can even avoid the hidden costs of providing extended credit to your customers and help save your workers plenty of time to focus on running your own business.