Invoice finance
Invoice finance releases capital tied up in unpaid customer invoices to fund business strategies and improve cash flow.
What is invoice finance?
Invoice finance is the umbrella term for a type of funding that provides fast access to cash tied up in your outstanding customer invoices. It's an alternative solution to traditional types of business finance and is much more flexible than an overdraft or loan. With our invoice finance product, invoice discounting, you maintain responsibility for managing collections, so the facility is entirely confidential.
How does invoice discounting work?
All you have to do is raise the invoice and we’ll give you up to 90% of the cash owed to you straight away, enabling you to keep your business moving without waiting to be paid.
When your customer settles the invoice, the remaining percentage is returned to you, less an agreed fee.
Is invoice discounting suitable for my business?
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You have a minimum turnover of €700k or £500k p.a.
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You provide goods and/or services to other businesses.
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You would be interested in financing all of your invoices not just a few.
We work with businesses from a wide range of sectors to help them meet their goals, whether it's improving cash flow, mitigating late payments or managing seasonal demand. If some of your turnover is export, we can also consider providing finance against these sales, especially if combined with our bad debt protection solution.
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Find out how invoice discounting helped Bromford Iron & Steel improve their cash flow ↑ |
Instant access to funds, 24/7
IDealTM enables your business to access funds from your invoices from anywhere in the world at any time - instantly. By automatically reconciling your invoice payments, it also saves you time and money.
Seamlessly integrating with 264 accounting software packages, IDealTM is our award-winning online platform available with your invoice discounting facility.
The benefits of invoice discounting are clear:
Access funds the instant you raise an invoice with our award-winning online management tool, IDealTM
Maintain control of your invoice collections
Reduce laborious month-end reconciliations
Entirely confidential
Find out how much cash you could release from your unpaid invoices. |
Use our invoice finance calculator
Why choose Close Brothers
Close Brothers Invoice Finance is part of Close Brothers Group plc, a leading merchant banking group with traditional values and an ethical approach to lending.
Offering the flexibility of an independent invoice finance provider, combined with our financial strength as a well-capitalised FTSE 250 company, we offer the best of both worlds.
Our customers tell us that our personalised service and quick decision-making sets us apart from other providers and we are praised for our ability to look at the individual merits of every business, rather than taking a “one size fits all” approach.