Why choose Anglo Scottish for invoice finance?
With over 30 years’ experience working alongside the UK’s leading asset finance specialists, Anglo Scottish delivers expert advice on asset finance – including invoice factoring for small businesses and large companies.
Access our extensive lender portfolio through an invoice finance broker to enjoy:
- Low APR %.
- Manual underwriting.
- Exceptional client support.
- 24–48hr typical approval time.
Need help? Call us on 0191 410 4776
Secure invoice finance for your business with Anglo Scottish
Business invoice financing is simple with Anglo Scottish. Unblock your business’ cash flow in four simple steps:
Step 1
Talk To Us
Tell us about your business and the asset you wish to acquire.
Step 2
Get Approved
We will reach out to our panel of lenders on your behalf to gain approval.
Step 3
Sign
Once approved, we’ll send you your documents to sign and transfer payment to your asset supplier.
Step 4
Benefit
Once approved, we’ll send you your documents to sign and transfer payment to your asset supplier.
What is invoice finance?
Invoice finance, covering invoice discounting and invoice factoring, is a form of commercial finance – it acts as a short-term loan to allow businesses to release up to 90% of tied-up invoice loan value.
How might this look in practice? Businesses in invoice-reliant sectors – such as manufacturing, transport, construction and others – use invoice loans to get quick access to working capital without having to wait for customer payments.
Invoice financing makes this possible by allowing a funder to purchase the ownership of the unpaid invoices, for a rate of 70-90% of the invoice’s value.
What does this mean for your business? This means instant access to your owed cash, with an additional service fee payable to the factor for their efforts in collecting the invoice payment. This typically ranges between 1% and 5%.
Types of invoice finance
You may have heard invoice finance referred to as invoice discounting or invoice factoring – these are two types of invoice financing with one key difference:
Invoice discounting – Access a portion of outstanding invoices upfront while you stay in control of collections and customer relationships. It’s a discreet, cost-effective way for larger businesses to improve cash flow and maintain strong customer relations, typically costing just 1–3% of the invoice value.
Invoice factoring – Access immediate cash by selling your invoices to a funder, who then collects payments directly from your customers, with typical fees ranging from 1–5% of the invoice value.
Both routes have their advantages, depending on whether you’d like to step back from invoice collecting or retain a hands-on relationship with your customers.
Anglo can support your business as an invoice discounting or invoice factoring broker. If you’re unsure which is the right option for your business, consult our brokers for expert advice.
What are the advantages of invoice finance?
Quick access to cash
Invoice finance is a method for raising cash quickly for your business. It can be made available as soon as an invoice is issued and can be used to help grow your business.
No risk to a…
Read MoreIs invoice finance secured?
Unlike secured commercial finance loans, such as a bridging loan or mortgage, invoice finance agreements are unsecured – this is because the security on the loan is the unpaid invoices themselves.
Is invoice finance Suit…
Read MoreWhy choose Anglo Scottish?
Compared to lesser invoice financing companies, Anglo Scottish’s finance brokers have access to a huge portfolio of lenders, allowing Anglo to offer a wider range of lending terms than traditional banks.
This also means t…
Read MoreReceive expert support for invoice finance
Unsure whether invoice finance is the right solution? We also offer a variety of alternative funding options, including asset finance, commercial loans and more.
Our expert team is on hand to guide you and help identify the best funding route for your business.
Contact us
Still unsure whether business invoice financing is the best option for you and your company? Not to worry, Anglo Scottish can help.
Our team of experts is on hand to provide insight into your best option, provide more information about invoice financing in general or simply support with a no-obligation chat.
Contact us today to find out more. You can also reach us via phone on 0191 410 4776 or via email at enquiries@angloscottishfinance.co.uk.
Need help? Call us on 0191 410 4776