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Invoice discounting is a type of finance that allows a business to borrow money based on the value of its outstanding invoices. Rather than waiting for clients to pay, a lender advances a percentage of the invoice totalu2014usually between 80% and 90%. Once the customer settles the invoice, the lender returns the remaining balance, minus a small fee. Visit: https://simplyfactoringbrokers.co.uk/invoice-discounting/
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Invoice Discounting: Unlocking Business Cash Flow Invoice Discounting is an innovative financial solution. It helps growing businesses manage cash flow. The global invoice financing market is projected to reach $1.3T in 2024. It offers a flexible alternative to traditional bank lending.
Understanding Invoice Discounting Immediate Cash Receive immediate cash against unpaid invoices, improving liquidity. Control Maintain full control of your customer relationships and collections. High Advance Rates Typical advance rates range from 70-90% of the invoice value. No Debt Avoid long-term debt or the need for additional collateral.
How Invoice Discounting Works Submit Invoices Submit your unpaid invoices to the financing provider. Receive Advance Receive an advance payment, typically 70-90% of the invoice value. Customer Pays Your customer pays the invoice directly to you. Reconcile Reconcile the remaining balance, minus fees, with the financing provider.
Contact Us Address Phone Website Simply Factoring Brokers Ltd 23 Bartlett Street, Caerphilly CF83 1JS 0333 772 1558 simplyfactoringbrokers.co.uk