Invoice Finance

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.

Warning: The provision of this service does not require licensing, registration or authorisation by the Central Bank of Ireland, and as a result is not covered by Central Bank of Ireland rules designed to protect consumers or by a statutory compensation scheme.

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.

Raise an invoice

We pay you up to 90% instantly

You liaise with your customer for payment

You receive the balance when the invoice is paid, less an agreed fee

Is invoice discounting suitable for my business?

You have a minimum turnover of €850k or £750k p.a
You provide goods and/or services to other businesses
You would be interested in financing all of your invoices not just a few

Achieving your business goals

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.

Instant access to funds, 24/7

IDeal™ 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, IDeal™ is our award-winning online platform available with your invoice discounting facility.

The benefits of invoice discounting

Maintain control of your invoice collections
Access funds the instant you raise an invoice with our award-winning online management tool, IDeal
Reduce laborious month-end reconciliations
Entirely confidential

Important notice: Please note that the provision of this product or service does not require Central Bank of Ireland authorisation and, as a result, is not covered by the Central Bank of Ireland’s consumer protection requirements.

Invoice finance calculator

Estimate how much cash you could release from your unpaid invoices.

Invoice Finance | Close Brothers Commercial Finance

Invoice finance releases capital tied up in unpaid customer invoices to fund business strategies and improve cash flow.