Selective Invoice Finance gives you the flexibility to access invoice finance only when you need it.
How does it work?
You apply for a credit limit on the customer you wish to consider for funding.
Once you receive a credit limit, you advise your customer of the funders involvement. You agree in writing with your customer that they will pay the funder directly for goods or services you supply.
You deliver the goods or services as normal to your customer and provide a proof of delivery to the funder. You invoice (less a fee) to the funder and you immediately receive up to 90% of the invoice value. The customer pays the funder on agreed terms and the balance (less charges) is paid to you.
What are the key benefits?