Invoice finance
Prompt payment, guaranteed
You will never come across a Financial Director worrying about too good a cashflow.
Indeed, even the best-run businesses can have a full order book, but find working capital a challenge.
At Barclays, we tailor solutions that enable you to release some of the value of your invoices – and indeed other assets such as stock, plant, machinery and property – to give your business use of the cash sooner rather than later.
These include:
- Factoring. Within 24 hours** of you issuing an approved invoice, we could be crediting up to 85% of its value into your account. The balance, less our charges, is then credited when your debtor settles the account. We can also chase your debtors if needs be. With factoring, your debtors are aware of our involvement.
- Invoice discounting. This is a more confidential approach, with your debtors unaware of our involvement. Other than that, the same principle applies: we can advance you up to 85% of approved invoices, and the balance (less our charges) when they’re paid by your debtors. Again, we can credit you within 24 hours**, and this method can often inject more cash than might be available through a traditional overdraft.
- You will also have access to LedgerMaster, our online system that enables you to access information regarding your facility and to undertake daily administration tasks and view reports.
To read more about how we are helping business of all kinds with Sales Finance, download our Invoice Finance Case Studies
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