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Invoice Finance
Reliable Invoice Finance Services by our Experts in Worthing, UK
Grow Funding offers excellent invoice finance solutions to let you raise finance against your unpaid invoices. Based in Worthing our services are available for customers across the UK.
Draw Cash against your Unpaid Invoices
At Grow Funding, we help you make timely business investments with our invoice financing services. You can draw up to 90% of your invoice value within 24 hours of delivering your goods or completing your service. This borrowing facility helps you do away with the waiting period and inject useful cash into your business at the right time. However, this method is only available for B2B business with a turnover between £50,000 and £500m. Our experts can help you decide between factoring and invoice discounting options.
Trade your Unpaid Invoices
With our innovative invoice trading facility, we help you trade as many of your invoices as you want on a trading platform. There are no hidden fees, no contracts, and no need for any personal guarantees.
Spot Invoice Finance Services
We also offer an alternative invoice finance facility which allows businesses to raise working capital from their outstanding invoices on an invoice-by-invoice basis. To learn more about this facility, call us.
For invoice finance specialists, call us now
01903 660 091
Asset finance is a type of lending that enables you to access business assets such as equipment, machinery and vehicles without having to buy them upfront. It can also allow you to release cash from the value in assets you already own or use your existing assets as security against a business loan from an asset finance lender.
Business asset finance is typically attractive to businesses who want to put their growth plans into action but don’t necessarily have the ready cash, or business owners who would rather spread large costs over a longer period.
Short-term asset finance also enables businesses to remain competitive by making it easier for them to access the latest technology. Asset finance is a broad category that relates to valuable items in your business.
Here is one of our case studies of asset-based invoice finance –
Case Study - Feb - 2019
Invoice factoring for Essex based building company
This company had been awarded a large value contract with a London borough council to install new kitchens and bathrooms into their residential council properties. With limited funds in the bank to cover the cost of labour and materials, Grow Funding arranged a suitable Invoice factoring facility to allow the business to release cash tied up in their outstanding invoices. This means going forward at the point of them giving the invoice to the council they can factor the invoice to provide them with cash in the bank to cover their cash flow needs. An initial facility size of £165,000 was set up with view to this growing over time.
The Advantages:
• Credit insurance to protect you against bad debtors
• The funds are secured and valued against your assets
• Funds can be used for any business needs
• There is the possibility of being flexible in comparison to loans and overdrafts
Grow Funding ltd - 70 Goring Road - Goring by sea- Worthing - West Sussex - BN12 4AB
01903 660091
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