If you’re considering applying for invoice finance in the UK, there are many options to choose from. Some are more accessible to business owners than others, and some are only accessible through brokers. Without the assistance of a broker, you may be missing out on important opportunities. Choosing the right invoice finance option is not an easy task. As the industry is not regulated, there may be hidden costs and fees associated with different providers.
Market Invoice
MarketInvoice is an alternative lending platform for small and medium-sized businesses, with offices in Manchester and London. Their mission is to provide businesses with flexible, fast funding solutions. Their innovative technology is backed by real people, and their partnership with the British Business Bank has seen PS160m lent to over 1200 companies in the UK.
While invoice financing may seem like a simple way to raise capital, it can actually be quite complex. As a result, banks take advantage of this complexity to pitch you the highest fees and pricing structures. In order to avoid these pitfalls, it’s important to have an adviser on your side. This way, you can be sure you’re getting the most appropriate facility structure.
Invoice finance can help you meet short-term liquidity needs by allowing you to pay invoices in a flexible way. Unlike traditional invoice discounting facilities, invoice finance requires no collateral and can be used alongside other forms of lending. It can also help businesses with slow-paying accounts receivable.
Close Brothers Group Plc
Close Brothers Group Plc invoice finance is an arm of the oldest merchant bank in the UK. Founded in 1878, the firm provides a range of services including deposit taking, wealth management, and securities trading. It also offers invoice finance services and asset based lending. These services can free up capital locked up in unpaid invoices and protect a business against bad debt. Close Brothers is a member of the FTSE 250 index.
The company operates under the Close Brothers Group, a group of business with traditional values and an ethical approach to lending. Moody’s bank ratings rank the Close Brothers Group as one of the UK’s best banks. The Close Brothers Group employs over 3,000 people across the UK. It is a member of the FTSE 250 index and is listed on the London Stock Exchange. It offers invoice finance and asset based lending services to businesses of all sizes.
Close Brothers Invoice Finance is part of the Close Brothers Group plc, a financial services company that offers various types of invoice financing. The company provides invoice financing to over 1,000 clients in the UK and Ireland. The company is a member of the Asset Based Finance Association (ABFA) and adheres to its Code of Conduct.
Hitachi Capital Invoice Finance
Hitachi Capital Invoice Finance UK is one of the largest independent invoice finance providers in the UK. The company has more than 30 years of experience and has helped companies of all sizes and industries secure funding. The company offers flexible funding solutions that do not require long-term contractual obligations. The company focuses on giving business owners flexibility and more control over their cash flow.
The company’s invoice finance service provides clients with up to 90% of the invoice value within 24 hours. It also includes a dedicated client manager who helps to manage credit risks. These tools help businesses maintain a steady flow of working capital, and help businesses avoid the pitfalls of insolvency.
The company offers an innovative range of invoice financing products that can help businesses of any size boost their cash flow. They also offer competitive rates and award-winning customer service.
HSBC
HSBC invoice finance is a company that offers invoice finance and related products and services to businesses. Founded in 1963, HSBC is one of the world’s largest banking organisations with a network of offices in 66 countries, including Europe, the Middle East, and North America. The company has a history of providing businesses with cash flow solutions and has helped thousands of companies grow sales.
HSBC invoice finance allows companies to unlock cash from their receivables by paying their suppliers early. HSBC will pay suppliers directly, less a discount, ahead of the original settlement date of the invoice. Companies can choose which invoices to fund early and can choose from a variety of financing options that provide competitive rates. HSBC invoice finance can help businesses with international sales and exports. These services can help businesses get cash from international invoices without the hassle of settling them. The company works with business owners in many countries and offers multilingual staff. This makes conducting business internationally easy and convenient. HSBC also offers other services such as small business loans and business overdrafts
