Businesses that use invoice finance to manage their cashflow share their experiences in quotes below. They use a facility so have an obligation to regularly sell their invoices and they pay fees for the facility.
Find out for free and without obligation how you can get cash quick and easily using selective invoice finance from Cash for Invoices Limited. Click here.
“For a business which does have to deal with slow payments this [invoice discounting] is the only way to have a finance line which is flexible enough.” Evolution Foods
“We deal with supermarkets on a day-to-day basis and they often have payment terms of 60 days...Using invoice finance has been the only way for us to have a flexible enough credit line to deal with payment terms which are dictated to us.” Evolution Foods
“Whereas a loan is a fixed amount which I might not even use all of, using our invoices is great to fund small investments in things like people and technology. It may cost a bit more but the flexibility makes it worth it.” Data Duplication
“Invoice finance gives me flexibility but if we were to do something big like buy our own premises then it would probably make sense to do that through a big loan.” Data Duplication
“We wouldn’t be sitting where we are right now without the invoice finance line”Dawn Prints
Quotes from Growthbusiness.co.uk Nov 2013 (link)
Single invoice finance from Cash for Invoices Limited can provide an excellent solution to filling temporary cash crises. It is superior to conventional invoice discounting facilities offered by banks, because there no security is needed, there is no on-going commitment to selling further invoices and no fees are charged. As long as the credit status of the debtor is acceptable, the company selling the invoice can collect up to 95% of the value of the invoice within a few days of contact with ACF.
Find out for free and without obligation how single invoice finance from Cash for Invoices Limited can provide an excellent solution to filling temporary cash needs. Click here.