Confidential Invoice Discounting
Improve Your Cash Flow And Grow Your Business
Confidential Invoice Discounting - What Is It?
Our Confidential Invoice Discounting service means that we can help you improve your cash flow by providing an immediate injection of cash against the value of your outstanding invoices. Then as you raise an invoice, we can release up to 85% of the value of that invoice within 24 hours. The remaining 15%, less a small service fee, will be paid to you once your customers pay.
This means your business has access to an ongoing supply of cash linked to your sales. So as your business grows so does the amount of funding available to you.
How Does It Work?
Firstly, we provide your business with an initial injection of cash - up to 85% of the value of your outstanding invoices. Then as you raise sales invoices and credit notes you send them to us and we convert up to 85% of these into cash within 24 hours. The remaining 15% will be paid to you once your customers pay their invoices. This cash is then available to be used as and when you choose.
We then set up a bank account which we control, but which is in your name. Your customers then make payments against their invoices into this account.
With our Confidential Invoice Discounting service you can also choose to have a Bibby Purchase Card (at no additional cost), which means that you can use the funds we make available to make purchases as and when you want. All transactions made on your purchase card will be reported on your normal statement. Additional cards can also be made available for members of your team to cover fuel purchases, lunch, expenses etc.
To help you stay in control of your money, we provide you with 24-hour Internet access so you can keep track of payments received and the amount of funding available to you
Am I Suitable?
Your business needs to be turning over in excess of £1 million per annum and trading profitably.
Confidential Invoice Discounting - How Much Does It Cost?
Our services are tailored to your business so the fees will depend upon your specific needs.
There are two types of fee. The first is the cost of the money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee.
What Next?
If you would like to speak with one of our Confidential Invoice Discounting specialists simply complete our contact form. Alternatively you can call us FREE on 0800 91 95 92, email us at marketing@bibbyfinancialservices.com or request a call back.
