Invoice finance
The importance of reviewing your invoice finance facility
Rates move, businesses change, and facilities agreed years ago rarely still reflect either. Why a periodic review pays for itself.
Sam Skinner
Co-Founder & Director
• 3 min read
Invoice finance is a popular option for businesses needing access to cash to aid growth or improve cash flow. It works by using unpaid invoices as collateral to release cash into the business.
Why rates deserve a review
Financial terms warrant periodic evaluation. Rates move, lender appetite shifts, and the only way to know whether yours is still competitive is to compare it.
Renegotiating the facility
A business that has grown or changed how it operates often needs terms that reflect where it is now, not where it was when the facility was agreed.
Where a broker helps
A third party compares lenders and negotiates on your behalf, which regularly produces better arrangements than renewing on the incumbent's terms.
The base rate effect
Movement in the Bank of England base rate feeds directly into the cost of borrowed funds, which is what makes reassessment worth doing rather than assuming.
For an independent, no-obligation review of your options, call 0330 0438 011.
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