Invoice Financing
When you need invoices paying quickly then Invoice Financing can help your business cash flow and free up 90% of your invoice costs.
Millbank Finance Ltd can offer the ideal invoice finance solution for your business, breathing life into your cash flow and reducing your reliance on bank overdrafts. We can assist with factoring, invoice discounting and construction finance because of our access to whole of market and relationships with many lenders who specialize in this type of funding. We can assist with the following:
Flexible and efficient funding method
Provides finance secured against your debtors
Bad debt protection available
Up to 90% of the value of unpaid invoices immediately accessible
Fast and easy to set up
Factoring provides a flexible funding and collections service which provides businesses the cash they require when they really need it. This allows you to release cash which may be tied up in outstanding invoices within 24 hours. Up to 85% of invoice funds can be made instantly available as business funding using the invoice financing methods.
On the other hand Invoice Discounting can help when you want to continue to collect payments from your customers, allowing you to keep your client relationship but need funding support. Invoice Discounting ensures you keep collecting your payments as normal but the lenders fund up to 90% against outstanding invoices. We can customise the Invoice Financing to suite your specific requirements which can be different for each business.
Construction Finance is designed specially to support builders. Our lenders are experienced in funding sub-contractors across a variety of sectors working under various contracts; they provide uniquely tailored funding solutions.
It offers a cash advance against outstanding billing which can help to bridge the gap between raising bills or applications for payment and getting paid. Our range of specialist lenders in the marketplace can provide funding against uncertified applications for payment, giving you a much faster business funding rather than waiting until applications are certified. They can also provide clients with credit control and sales ledger management services on a confidential basis, ensuring your customers never find out that you are using invoice financing.
We can also arrange bad debt protection to cover up to 100% of any outstanding invoice which offers you total peace of mind against the risk of non-payment.
Our invoice finance services can be customised to suit your specific business requirements to ensure you have the funding that’s perfect for you.
