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By using products such as invoice finance and spot factoring, selling invoices for cash has never been more convenient.
By selling invoices, you can immediately cash in on the value of the invoices you are owed by your customers within 24 hours of the invoice being raised. All the while, you are still providing fair terms of payments to your customers. So to help ease the cash flow issues of your business, why not contact us and sell your unpaid invoices today.
Before we get stuck into the details of how to sell invoices for cash, we would like to mention that Touch Financial are an entirely free of charge brokerage, fully authorised and regulated by the FCA (more information can be found here).
Usually within a 10-15 minute call to one of our expert consultants, we will be able to assess the best way for your business to sell invoices. We will work with you to swiftly understand what sort of service you require from your lender and aim to secure you some favourable rates with the 2-3 lenders we will suggest from our panel of over 30 of the UK’s leading invoice finance providers.
Selling an invoice is often an extremely simple process, typically through an online platform. You upload a copy of the invoice you would like to sell, and the lender will effectively purchase the invoice from you.
Once the terms of payment attached to the invoice falls due, it is also time to repay the lender. Depending on whether or not you already have an established credit collection department (and have the time/manpower to run it), you may want the lender to collect payment for you. Alternatively, you may choose to collect the payment from your customer yourself. Once the cash is returned to the lender, the pre-arranged fee in order to sell invoices is taken.
If you are looking to sell an individual invoice as opposed to all of the invoices in your outstanding ledger, you will want to use spot factoring or single invoice finance. There are particular lenders who have specialised in offering spot factoring and you can discover which lender best suits your needs through a quick, free, no-obligation call with one of our expert consultants today. If you would like to receive cash for invoices today, click on the Apply Now button below to get started. Alternatively, you can speak to our expert team about which single invoice finance service may best suit your circumstances.
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"Very polite and a professional team of financial advisers who seem to know their business, work well within their industry and get a result."-Invoice Finance Introduction
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