Get more choices with Confidential Invoice Factoring

Asset-based finance was a real lifeline for small businesses during the financial crisis, but it has become a driver of growth for businesses of all shapes and sizes. For a large number of businesses, unpaid invoices are actually their biggest asset, and can be the key to unlocking the finance they need to accelerate their growth. While many businesses were initially drawn to invoice finance during the credit crunch, they have retained it as a key part of their funding model a decade later. And with confidential invoice factoring now available with traditional invoice factoring and invoice discounting, there is more choice and availability of finance options, which is why many bigger businesses have also looked to invoice finance to fund their acquisitions, and have moved on to using their invoices to finance expansion.

Alongside the option of funding, Credit Protection as part of an invoice finance facility with protracted default included is the go-to product for businesses that need to ensure that their invoices are paid, even when customers are paying late! The latest Sheffield City Region Quarterly Economic Review suggests nearly two thirds of bosses believe late payments could threaten their company's viability. Malcolm Pope of Shorts Chartered Accountants said "firms should be prepared for any potential cash flow problems, and should avoid taking on work with very low margins". There are other products within Invoice Finance that has their own versions and ways of working. Factoring is when the finance company will collect your debts for you. When they collect your debts in your name is called as Confidential Factoring and that's why they use the word "Confidential" since they keep it confidential that they're collecting the pending amount on behalf of the customer. Also they will do the entire correspondence in your name and on your letterhead maintaining the confidentiality. Invoice Discounting is when you do the chasing yourself, the Invoice Finance company simply provides you with the funds against your invoices. There are lot of other options also available and remember Trade Finance can be used alongside Invoice Finance to give you greater control over your finances.

Invoice Finance is now the leading way of business borrowing and also protecting your cashflow too. With confidential invoice factoring there are more choices.