Comparing invoice finance proposals

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A useful invoice finance comparison looks at usable cash, service and exit terms. A low headline charge can be outweighed by minimum fees or restrictions on the ledger.

Compare availability

Use the same debtor schedule for each proposal. Check advance rates, reserves, customer limits and treatment of overdue or disputed invoices. Ask how the amount available changes during a quiet month.

Compare the service

Establish who handles collections, whether customers are notified and what reporting the business must provide. Consider how queries and disputes are managed in practice.

Compare the exit

Review contract length, notice periods, termination fees and any guarantees or security. Ask for a worked illustration showing all charges for your expected activity. A provider that releases less cash than required may not solve the business's problem, even if its quoted rate is attractive.

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 invoice discounting options with Milestone Funding.