The 3 simple steps to acquiring an invoice loan with Quote Goat

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The process of obtaining any form of business loan can be a longwinded and complicated process. It has to be. When large sums of money are on the line, banks obviously need to have assurances that repayments will be made and that assets can be put up as collateral in the event a business can’t repay resulting in the bank losing money.

Loans are serious contracts. And no loan comes without its fair share of paperwork. Invoice financing has developed into a sought-after form of lending and is most popular amongst smaller businesses who either don’t want to source a bank loan, can’t afford it or their credit score won’t permit it. Something that is common amongst all businesses, whether they are the largest multi-national companies to brand new start-ups, is outstanding invoices.

Being able to gain capital based off your clients’ outstanding invoices is the best option for many companies in the UK. Here at Quote Goat we see the importance of invoice financing to the UK economy in allowing smaller businesses to grow and helping them avoid unwarranted fallout through the lack of invoice payments. This is why we have simplified the process of comparing quotes and finding the right deal for you.

The easy steps to Invoice Financing

Step 1

With Quote Goat you can complete an online application form through our website. This removes all that pesky paperwork from cluttering up your admin; instead, replacing it with a clear, streamlined view where you can find exactly what you’re looking for. Our application process does not affect your credit score in any way either.

Step 2

Instead of having to independently search each lender, we will show you a comprehensive list of invoice finance rates from every lender so you can simply select the best offer.

Step 3

Once you have found the lender with the offer that best suits your needs, you’ll soon receive capital straight into your bank account. Most invoice financing lenders generally receive up to 95% of the value of the outstanding invoices upfront; funds which you can use immediately so the only interruption to your business will be deciding how you wish to grow your business with the freed up capital.

 

 

The 3 simple steps to acquiring an invoice loan with Quote Goat

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