Invoice discounting

What is invoice discounting?

Release funds from your unpaid invoices the moment they are raised, while maintaining control over the collection of payments.

 

 
Invoice discounting

Invoice discounting is an alternative solution to traditional types of business finance, which provides you with instant access to cash tied up in your outstanding invoices. An invoice discounting facility adapts with your business as it changes and grows, making it much more flexible than an overdraft or loan.

 

 

 How does invoice discounting work?

Invoice discounting companies

1. You supply your goods or services and you invoice your clients as usual.

 

invoice discounting solutions

2. Our market-leading software, IDealTM, integrates with your accounting system and releases funds in real-time with your ledger.

 

invoice release cash

3. We pay you up to 90% of the value of each invoice the instant you raise them.

 

discount invoice

 4. You maintain control over managing collections. When your client settles the invoice you get the remaining balance less an agreed fee.

 

 

Is invoice discounting suitable for my business?

 

  • You have a minimum turnover of £500k p.a.

  • You provide goods and/or services to other businesses.

  • You would be interested in financing all of your invoices not just a few.

 

We work with businesses from a wide range of sectors to help them meet their goals, whether it's improving cash flow, mitigating late payments or managing seasonal demand. If some of your turnover is export, we can also consider providing finance against these sales, especially if combined with our bad debt protection solution.

 

 

 

            

 

Find out how invoice discounting helped Bromford Iron & Steel improve their cash flow ↑

 

 

What are the benefits of invoice discounting?

  • Confidentiality:
Our confidential invoice discounting facility enables you to maintain control over the collection of payments, meaning that your clients won’t know that you are using our service. (See invoice factoring if you would like our experts team to manage the collections for you).
  • Cash flow:
Gain instant access to cash tied up in your outstanding invoices. The cash you can access grows as your sales and invoice values increase. Slow payments won't limit your business growth.
  • Fast funding:
Our award-winning software, IDeal™, allows you to access up to 90% of your invoice value the instant you raise them, from anywhere in the world 24/7. 
  • Save time:
Eliminate paperwork and laborious month-end reconciliations. IDeal™ automatically reconciles invoice payments, this means no duplication and no errors. 
  • Personal_service:
Whether you prefer face-to-face meetings or regular catch-ups by phone or email, our Client Managers are here for you and will proactively support your business.
  • Security:
Operate secure in the knowledge that you are covered should your customers get into financial difficulty with our optional bad debt protection service.

 What are the costs of invoice finance?

 

Invoice discounting cost

 

As we tailor a solution to meet the needs of your business,
your agreement will be individually priced. 

Find out more about how our fees work

Call one of our experts to discuss a bespoke quote on 0127 376 5817

 

Instant access to funds, 24/7

IDealTM  enables your business to access funds from your invoices from anywhere in the world at any time - instantly. By automatically reconciling your invoice payments, it also saves you time and money.

Seamlessly integrating with 264 accounting software packages, IDealTM is our award-winning online platform available with your invoice discounting facility.

 

Find out more about our technology 

 

 

Why choose Close Brothers

Close Brothers Invoice Finance is part of Close Brothers Group plc, a leading merchant banking group with traditional values and an ethical approach to lending.

Offering the flexibility of an independent invoice finance provider, combined with our financial strength as a well-capitalised FTSE 250 company, we offer the best of both worlds.

Our customers tell us that our personalised service and quick decision-making sets us apart from other providers and we are praised for our ability to look at the individual merits of every business, rather than taking a “one size fits all” approach.

   

Add-ons

These optional add-ons can run alongside your invoice discounting facility

Bad debt protection

Eliminate risk from customer insolvency with bad debt protection. It enables you to operate safe in the knowledge that you will not be impacted by bad debts if your customers are unable to pay you.

Whilst some other providers will only agree up to 90% cover, we offer up to 100% protection on accounts pre-approved by our Credit Management Team.

Find out more about bad debt protection

Bad debt protection

Liquidity Plus

If you need additional short term finance to help in scenarios such as periods of rapid growth, or peaks in trading, our Liquidity Plus can help you to release up to 100% of the value of your invoices, enabling you to access additional funding when you need it most.

Liquidity Plus can be bolted on to your facility at times when you need an immediate cash injection.

Find out more about Liquidity Plus

Invoice discounting companies

 

Is your business looking to release working capital to expand, restructure or refinance? 

Asset based lending blends invoice discounting with funds released against other business assets, such as stock, property, plant and machinery, providing additional capital than invoice discounting alone. 

It is primarily aimed at large companies that have a turnover in excess of £10m with existing assets including invoices, inventory or property. 

It can enable you to raise between £2m and £35m. 

Find out more about our asset based lending

 

release working capital