Confidential Invoice Discounting (CID, for short) allows your business to take up an invoice finance facility without the need for your customers to know you are using it. Here, you will be introduced to why this might be right for you, how it works and finally where you can find a lender.
If you want to get speaking to an advisor about confidential invoice discounting, you can fill in invoice discounting work?
Unlike other invoice finance products, CID requires your business to have well established internal processes for credit collection and a solid track record to back this up. CID works in pretty much the same way as usual invoice discounting facilities, only your customer is kept entirely separate from the CID lender. Here are the basic steps:
Step 1 – You provide your goods or services to your customer and produce an invoice with the usual agreed payment terms.
Step 2 – You provide a copy of the invoice to your CID lender (this process is often automated) and your lender will advance you a percentage of the value of that invoice as cash, often occurring with 24 hours.
Step 3 – You collect the payments your customer owes and pass the value on to your CID lender as repayment for the initial cash advance.
Where can you find a trusted confidential invoice discounting lender?
Not every lender specialises in CID so it is important to shop around for the best service and rates. At Touch Financial we have close relationships with some of the UK best invoice discounting and confidential invoice discounting lenders. This ranges from the high street banks to independent lenders and allows us to find the lender that fits your particular business needs, entirely free of charge, at the most economical rates. By filling in here click here) you help give our consultants the head start they need to find you a trusted facility for your business. For more information on our services and how we are remunerated by lenders please click here).