Which businesses are suited to invoice finance?

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Invoice finance is most relevant where a business supplies other organisations on credit terms and can evidence payment owed for completed work. Industry labels alone do not determine eligibility.

Look at the transaction

Providers consider the customer, contract, invoice and collection process. A business selling mainly for immediate payment has a different need from one waiting weeks for trade customers to settle.

Check the complications

Work in progress, retentions, disputes, customer concentration and contractual restrictions may affect the assessment. Explain these issues rather than assuming the entire ledger will be funded.

Compare the administration

Ask who manages collections, what information must be supplied and how customers will be notified. Consider the charges and notice period in quiet months. A facility should fit how the business actually invoices and collects, not just its stated turnover.

Explore your next step

Contact Milestone Funding to discuss your business and funding needs, or explore the funding options.

Further reading: British Business Bank: finance options.

General information, not a personalised recommendation. Availability, costs and terms depend on the provider and circumstances.

Ready to explore funding? View recruitment invoice finance options with Milestone Funding.