Invoice discounting

Invoice discounting

Invoice discounting releases funds from your unpaid invoices to help manage cash flow, while you maintain responsibility for collection of payments. Our market-leading technology, IDealTM, enables instant access to cash from your invoices 24/7.

What is 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.

Invoice discounting
Invoice discounting

How does it work? 

All you have to do is raise the invoice and we’ll give you up to 90% of the cash owed to you straight away, enabling you to keep your business moving without waiting to be paid.

When your customer settles the invoice, the remaining percentage is returned to you, less an agreed fee.

As you maintain responsibility for managing collections, the facility is entirely confidential. 

Video guide to invoice discounting

Is it suitable for my business?

If your organisation sells to other businesses and has a turnover in excess of £500,000, then invoice discounting could be an excellent solution. 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, then we can also consider providing finance against these sales, especially if combined with our bad debt protection solution.

Find out how much cash you could release from your unpaid invoices

Instant access to funds, 24/7

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

IDealTM enables you 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.

Find out more about IDealTM

How much does it cost?

As we tailor a solution to meet the needs of your business, your agreement will be individually priced. Our fees are calculated according to various factors, including the size of your business, the value of any outstanding invoices and the time it takes your customers to pay their invoices. 

Our pricing is made up of two core components - a service fee and discount charge. This includes access to our online market-leading platform, IDealTM*.

Call one of our experts to discuss a tailored quote on 0127 376 5817, or click on the link below to find out more about how our charges work. 

Find out more about how our fees work

*Subject to terms and conditions

The benefits of invoice discounting are clear:

1

Access funds the instant you raise an invoice with our award-winning online management tool, IDealTM

2

Maintain control of your invoice collections

3

Eliminate laborious month-end reconciliations

4

Entirely confidential

bad debt protection

 

Bad debt protection

Eliminate risk from customer insolvency with bad debt protection. This works alongside your invoice discounting facility and 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

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 product 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 is a product that can be bolted on to an existing Close Brothers invoice discounting facility at times when you need an immediate cash injection.

Find out more about Liquidity Plus

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 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.

We are proud that in a recent survey, 100% of our clients said that they would recommend us*.

* Independent survey carried out by The Murray Consultancy Ltd on behalf of Close Brothers Group Ltd. Research executed in February 2014.