Who should use invoice financing?
Invoice finance can be used for many business reasons but is an especially great fit for companies that experience long payment terms for the invoices they issue or irregular expenditures.
Invoice financing allows you to unlock cash from your invoices immediately. You can use that to:
- meet seasonal demand by increasing your supplies
- get an early payment discount from your suppliers
- hire extra staff
- win new customers by offering longer payment terms than your competitors
Invoice finance is not suitable if your clients are already or consistently delayed.
What is the difference between factoring and invoice financing?
How long does the process take?