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How Invoice Discounting can help your business

If you find yourself waiting to be paid for the work you’ve done, or need an additional cash injection to help with your growth plans, then Invoice Discounting can be one way to help you manage your cashflow and focus on developing your business.

It is ideal for businesses who face cashflow challenges or want to finance their growth. It can fill the gap between raising customer invoices and getting paid, releasing cash that can help you manage your business's day-to-day activities or fund its growth.

It also means that you can continue managing your sales ledger, credit control and collecting payments from your customers, unlike Factoring where we manage this process for you.

Download What is Invoice Finance?

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Is your business suitable for Invoice Discounting?

Your business could be suitable to use Invoice Discounting if you:

  • Yes: provide goods and/or services to other businesses
  • Yes: issue your customers with credit terms of between 30 and 90 days
  • Yes: have strong credit management and control reporting tools
  • Yes: can demonstrate a capable management team
  • Yes: have been financially viable for a minimum of six months
  • Yes: prefer to manage your credit control

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Features and Benefits of Invoice Discounting

Features:

  • Release up to 100% of invoice value within 24 hours
  • Get cash against the value of your invoices as they are raised
  • The cash you can access grows in line with your sales 
  • 12 and 24 month contracts or a flexible 30-day notice rolling contract
  • Continue to liaise with your customers for payment
  • Confidential process
  • Optional Bad Debt Protection
  • Manage your account 24/7 with our Client Online service
  • Safely and quickly share monthly information via our web-based platform Bibby Connect

Benefits:

  • Speed: access to cash within 24 hours to meet payments or make important purchases
  • Control: you keep the relationship with your customer by managing your own credit control and sales ledger
  • Personal: we get to know our clients who value our relationship-based approach and our Service Promise
  • Convenience: you can check your funding at any time with our 24/7 Client Online service
  • Security: you have the option to protect against customer insolvency with Bad Debt Protection
  • Confidentiality: our confidential service means we do not tell your customers that you are using our service


How Invoice Discounting works

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Invoice your customers

And send us a monthly summary of your sales

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We pay up to 100% of the value of your invoice

Within 24hrs, allowing you to pay your staff, suppliers and take on new orders

Contact

You collect your invoices as usual

Allowing you to maintain the relationship with your customers

Payment

We pay you any remaining balances

Minus any agreed fees


UK SMEs have written off £20,403 in bad debt over the past 12 months. Source: Bibby Financial Services Confidence Tracker

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We help our clients by being discrete

If you do not want your customers to know how you’re funded or if you have reliable collection practices in place and would prefer to keep your credit control function in-house, we can offer confidential Invoice Discounting.

This means we do not tell your customers that you are using an Invoice Discounting facility and you maintain the relationship with your customers, without their knowledge of our involvement. It is always our intention to act in your best interest.