Selective Invoice Finance
Selective invoice finance is a flexible financial service that allows businesses to choose specific invoices to finance, providing immediate cash flow often without committing to a long-term contract. This service enables businesses to access up to 100% (less pre agreed fee) of the funds tied up in outstanding invoices on an as-needed basis, improving cash flow and supporting growth.
Selective Invoice Finance gives your business control on what and when to fund. This can be a great flexible option but the flexibility usually comes at an increased cost.
*All credit profiles considered
How Does Selective Invoice Finance Work?
- You provide goods or services to your customer and issue an invoice.
- select and submit specific unpaid invoices to a selective invoice finance provider.
- The finance provider advances you a percentage of the invoice value, typically between 70-90% once they have completed their pre lend checks.
- The lender will chase the invoice for payment in line with agreed terms.
- Your customer pays the invoice on their usual terms directly to the finance provider.
- Once the invoice is paid in full, the finance provider releases the remaining balance to you, less any pre agreed fee.
Would you like more Information?
Benefits of Selective Invoice Finance
- Speed – can be set up and paid out within 24 hours.
- Flexibility: Choose which invoices to finance based on your business needs, without committing to financing all your invoices.
- Save time and resources by letting the factoring provider handle the collection process.
Is this right for your business?
With a wide and varied range of funding solutions and lenders, it can be difficult to understand which is the best option for your business. At Aim Financial Solutions, we will help you to understand which funding options are the best solution for your business and we will help you to secure the most competitive terms with the best lender for your circumstances.
