Touch Financial
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Invoice Discounting

Invoice Discounting is a form of Invoice Finance which allows businesses to immediately release cash tied up in unpaid invoices, allowing you to put cash straight back in the business as soon as it has been earned.

A lender can advance you up to 95% of the value of your unpaid invoices, with the cash typically made available to you within 24-hours.

How Invoice Discounting Works

When you raise an invoice you send a copy to both your customer and Invoice Discounting provider. The Invoice Discounting provider will then advance you cash against your unpaid invoices, typically this is between 80% – 95% of the invoices value.

Cash advanced by the Invoice Discounting provider will usually be in your bank account within 24 hours of receiving the invoice.

You retain control of your sales ledger and chase customers for payment as usual. You then pay the Invoice Discounting provider a service fee plus a percentage of the cash you have been advanced.

How much cash could you release from your unpaid invoices? Compare quotes instantly online to find out >>

Benefits of Invoice Discounting

  • You receive up to 95% of the invoices value the next day!
  • The funds available to you grow with your business, so the only limit on how much you borrow is how many invoices you can issue
  • Credit protection can be arranged to protect you from non-paying customers
  • Favorable terms can often be negotiated for paying your suppliers early
  • React to market opportunities quicker, whilst keeping your debtors under control

Is Invoice Discounting right for your business? It could be if:

  • Your projected annual turnover is over £50,000
  • You provide goods or services to other UK Businesses
  • You issue credit terms of between 30 — 90 days

How much does Invoice Discounting cost?

There are typically two Factors used to determine the cost of Invoice Discounting:

  • Service fee
    The service fee essentilly covers the cost of the administration of your account. Costs can vary from between 0.01% to 1% of your annual turnover.
  • Finance fee
    The finance fee is usually a fixed percentage of the funds you draw down. This can vary from 1.5% to 2.5% over the Bank of England base rate.

Instantly calculate the cost of using Invoice Discounting by taking two minutes to fill out our online quote form. We collect the bare bones of information required and produce a quote at the end detailing rates and the amount you could release from your existing sales ledger.

Helping you secure the best deal for your business

Our aim at Touch is simple, to save you time and money by putting you in touch with the right lender.

No-obligation quotes are available through our quick and easy to use online quote form. Simply provide us with a few key pieces of information and we’ll be able to provide you with a tailored quote instantly.

We also have a team of experienced experts on hand to discuss your requirements and explore how we can help you grow your business.

Through over 60 years combined experience in the Invoice Discounting arena we have helped thousands of businesses grow by arranging the right finance to suit the needs of their business.

Compare invoice discounting quotes instantly online >>

Explore Further

Touch Financial rated 4.9/5 based on 300+ customer reviews. See reviews here »

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Visit our case studies feed to find out more on how alternative finance products such as invoice finance have helped UK businesses in all industries and turnover.

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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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