Neo Business Finance offers a wide range of invoice finance solutions, making us your trusted partner for unlocking cash flow and ongoing funding.
About Invoice Finance
Invoice finance allows businesses to access cash tied up in outstanding invoices, releasing up to 90% of their value. This helps improve working capital and maintain consistent day-to-day cash flow. Growing businesses often face cash flow challenges, with increased workloads bringing higher upfront costs while waiting for customer payments.
Access funds tied up in unpaid invoices quickly, helping your business cover expenses, invest in growth opportunities, and maintain healthy cash flow without the disruption of late customer payments.
Types of Invoice Finance
Here are just some of the invoice finance options we can help you secure.
Straightforward application process
Our team will be on hand to guide you through the process from.
We use e-signatures wherever possible, with the goal of making the finance process as simple and straightforward as we can—so you can focus on what matters most: running your business.
Invoice Finance FAQs
Read our most frequently asked questions about invoice finance.
Invoice finance allows you to release capital that is otherwise tied up in outstanding invoices. Rather than having to wait for these invoices to be paid, invoice financing allows you to utilise that working capital immediately, enabling you to get on with growing your business without being held back by cash flow restrictions.
There are three main types of invoice financing, depending on your specific needs.
- Invoice factoring – a funding and collections service, where the provider chases and collects outstanding invoice payments on your behalf.
- Invoice discounting – a funding-only solution, without the above collections service.
- Selective invoice finance – For specific invoices, where you want the benefits of factoring but only for certain, specific invoices/debtors.
The costs can vary depending on the provider and the type of service you choose. Typically, fees include a service fee (for managing the facility) and a discount fee (similar to interest on the funds advanced). These costs are usually calculated as a percentage of your invoice value and can depend on factors such as your turnover, the volume of invoices, and the creditworthiness of your customers.
Get in touch with us today either through our ‘contact us’ page or simply by giving us a call. We will discuss everything with you and guide you through the application process from start to finish.
