How it works

Invoice financing turns your pending invoices into instant cash, so you can get paid immediately without waiting for clients. Invoice financing lets you borrow money using your unpaid invoices as collateral. Typically, you get 85% of your invoices' worth upfront, with the remainder paid later, depending on what your customers owe you and their reliability.

Types of invoice financing

• Invoice Financing - Like a secured loan, businesses use their outstanding invoices as collateral to get a loan. You are using your whole invoices in this case to access funds up to $2m.

• Selective Invoice Financing - This option provides the greatest level of flexibility to businesses as businesses can choose one or more of their unpaid invoices to access funds.

• Invoice Factoring - Businesses can quickly sell their unpaid customer invoices to a financing partner and get around 80% of the amount due, minus a service charge. This option gives businesses greater financial leeway, although it might come with increased fees.

Key features:

• Amount up to $2m

• Short term

• Low interest