Alternative financing services which can be tailored to your needs.
Likely Advance £0
Total Fees £0 pm
Discount Fee: £0pm (£3 pa)
Service Fee: £0pm (£5,000 pa)
* The Advance rate may vary depending on the nature of your business and industry. Fees are based on averages from clients of Touch Financial from 1st January 2015 - 31st October 2016 and the current Bank of England base rate of 0.75%.
You raise an invoice to your customer which determines how much is due to be paid to your business and when it is due.
Unlock up to 100% of your invoice value as a cash sum, usually within 24 hours of sending a copy of the invoice to your lender.
When the invoice is due the lender receives the payment from your customer. The remaining invoice value not initially financed is forwarded minus prearranged fees.
“After an email and a couple of phone calls its amazing how I was sign posted to three suppliers and had the choice to pick the more suitable one out of the three. My pick has since also delivered to my satisfaction. I would definitely come back for more services in future and would not hesitate to recommend.”
Invoice Finance works by advancing the cash you are due to receive from the invoices your customers have yet to pay. It means you no longer have to wait the 14 to 120 days you have agreed with your customers before receiving payment, resulting in a far improved cash flow position.
There are many added extras available with invoice financing solutions which can be tailored to your needs – such as credit collection and payroll facilities. This is why the Touch Financial team can help and explain all of your options and provide you with two or three quotes from the most appropriate invoice finance companies for your specific requirements. Best of all, there is no charge for using our service.Contact Us
Industry: Civil Engineering Turnover: £1m Lender: Aldermore
“We initially went to a major bank with £120k of orders in hand before we’d even begun trading. But they were dragging their heels and the process seemed to be going nowhere. Fortunately Touch came along and very quickly set us up with Aldermore, who gave our working capital that vital boost through their invoice finance.” – DirectorRequest Quote
Industry: Cleaning Turnover: £200k Lender: Lloyds TSB Commercial Finance
“Invoice factoring has given us the confidence that we can continue trading, even during really tough times. We’ve just come through a couple of really hard months, when customer activity was very low. It’s picked up since then, but during that time we relied heavily on the cash flow from invoice factoring.” – DirectorRequest Quote