WHAT IS INVOICE FINANCE?
Invoice financing is a short term finance solution for small to medium businesses. Invoice finance solutions enable SME businesses to release funds tied up in invoices.
As an invoice finance provider, our lending solutions are designed to help raise finance against the most significant assets in your business, such as a debtor book, inventory, plant and machinery, and freehold property.
Invoice finance is becoming a popular choice for SME businesses. Invoice finance providers give businesses the opportunity to improve cash flow by simply ‘selling’ single or multiple raised and unpaid invoices. You can receive up to 95% of the value of your invoices typically for 60 to 120 days.
WHAT CAN INVOICE FINANCE BE USED FOR?
Our Invoice Finance solutions can be used for a broad variety of growth and investment opportunities, and can be used for:
- Working Capital Requirements
- Projects and Growth Initiatives
- Mergers & Acquisitions (M&A)
- Seasonal Cash Requirements
- Turnaround and Restructuring Scenarios
- Interim Bridging Requirements
INVOICE DISCOUNTING
Invoice Discounting is a type of invoice finance. With invoice discounting, your business enters into a confidential agreement with the finance provider, but you retain full control over the collection and management of the debtor book. You continue to be responsible for chasing and collecting payments from customers who are not aware that you are financing their invoices, maintaining in this way a good relationship with them.
INVOICE FINANCE PRODUCT OVERVIEW
Product Terms
- Borrow from £200k to £5m
- Up to 95% advance rates
- 30 to 120 days debtor terms
Eligibility Requirements
- Trading for 3 years or longer
- Turnover between £200k and £10m
- Suitable for businesses only
*Subject to T&Cs
ABOUT WHITE OAK
White Oak is an FCA authorised and regulated European Lending Platform which provides capital to support SMEs and mid-corporates through its full suite of flexible lending products.
Since being established in 1986 we have focused on becoming a long-term finance partner to our customers, providing the right solution to support their business throughout their growth and development.
Headquartered in the UK, our team of nearly 200 specialists are trusted by over 20,000 SMEs and mid-corporates who have rated White Oak as the number one non-bank finance provider on Feefo* with a rating of 4.9/5.0.
As a financing affiliate of White Oak Global Advisors, LLC (WOGA), we are able to support our clients globally and draw on the experience of a net-work of 470 finance professionals.
FAQ
How much money can I borrow?
You can receive an invoice advance up to 95% of your invoice value, ranging from £200k to £5m.
How does Invoice Finance work?
The Invoice Finance process is quite simple and transparent. Whether you choose invoice discounting or invoice factoring you can raise up to 95% of your sales invoices.
- Once you complete your application and get approved you can continue invoicing your clients as usual
- Then you pass the invoice details to our expert credit management team and you receive the total sum of the invoice value upfront.
- Depending on the type of finance agreement, you chase and collect payments from your clients or our team could do it on your behalf.
- Once payments are received, you get the remaining 5% balance minus the service fees and charges,
For further information, contact a member of our team.
What if I don’t want my customers to know that I’m using invoice finance?
Confidential invoice discounting is a popular invoice finance solution that enables businesses to improve cash flow by getting payments for 60-120 day invoices. The agreement between the business and the finance provider is confidential and customers are not aware that a finance provider is involved. You retain credit control and this helps to maintain relationships with your customers who will be invoiced as normal and pay into a trust account in your name.
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