Blaise Commercial Finance has access to a number of invoice finance providers, allowing you to raise funds against invoices which are discounted by a set percentage, using the unpaid invoices as security. Funding of up to 90% of the value of outstanding invoices can be raised to provide a working capital facility that can grow with the business and is not restricted by the value of other assets.
An Invoice Finance facility can also be a very useful funding tool for buyouts or acquisitions.
There are several different types of invoice financing:
Factoring – the lender releases cash against your debtor book and they are responsible for collecting the debt
Confidential Invoice Discounting – the lender releases cash against your debtor book but you remain responsible for collecting the debt
Construction Finance – the lender releases cash against your debtor book or applications that have been certified. This can be provided as a disclosed (Factoring) facility or confidential (CID) facility