Confidential Invoice Discounting - Discreet Access to Immediate Working Capital
Confidential Invoice Discounting offers you immediate access to up to 90% of your invoice value, providing the financial flexibility to grow your business without relying on customer payment cycles. This confidential service means that your customers remain unaware of our involvement, preserving your business relationships and maintaining your financial privacy.
With this solution, you retain full control over your customer relationships and collections, while we provide the working capital you need.
At Skipton Business Finance, we offer a personalised approach to financing.
Your facility can scale with your business, giving you the freedom to focus on delivering exceptional products or services. Our dedicated Relationship Managers understand your unique needs and are empowered to make decisions that drive your success. Unlike traditional lenders, we tailor our solutions to your specific business requirements, ensuring you get the right financing for your growth.
How does Confidential Invoice Discounting work?
Confidential Invoice Discounting allows your business to leverage up to 90% of the value of your unpaid invoices. This facility allows you to increase your cashflow whilst remaining confidential, meaning your customers are unaware of our involvement. The remaining 10% will be advanced to you as and when your customer pays, less an agreed fee.
Waiting up to 90 days for your customer to pay you can cause your business a serious cashflow problem. With an Invoice Discounting solution from Skipton Business Finance, you can engineer a much more consistent cashflow cycle and run your business more efficiently.
Simply put:
- You provide the goods/services to your customer and invoice them
- You send the invoice details to SBF
- Funds are made available to the agreed percentage of the value of the invoice
- When your customer pays, the balance of the invoice is made available to you – less our agreed service fee
- Your facility will be kept confidential throughout the entire process
Unlike Invoice Factoring, Confidential Invoice Discounting allows you to maintain full control over your credit control and continue to collect your own payments from your customers.
We make sure that your Confidential Invoice Discounting solution grows as your business does, unlike conventional bank overdrafts. With a Confidential Invoice Discounting solution from Skipton Business Finance, your funding solution is flexible and tailored to your business needs.
Confidential Invoice Discounting provides benefits beyond improved cashflow
Confidential invoice discounting offers a range of advantages for businesses seeking to improve their cash flow and financial stability.
Here are some of the key benefits:
- Improved Cashflow: By receiving a portion of the invoice value upfront, you can significantly improve your cashflow and reduce the financial strain of waiting for customers to pay.
- Enhanced Financial Flexibility: With additional working capital available, you can invest in growth, hire new staff, purchase equipment, or meet unexpected expenses.
- Retained Control of Credit Management: Unlike Factoring, where we take responsibility for credit control, Confidential Invoice Discounting allows you to maintain control of your customer relationships and credit management processes.
- Confidentiality: As the name suggests, Confidential Invoice Discounting keeps the arrangement private, ensuring that customers are unaware of the financing. This allows you to maintain your customer relationships, without worrying whether your customers will find out about our involvement.
- Scalability: The funding available through Confidential Invoice Discounting can grow in-line with your business's sales, making it a flexible and adaptable financing solution.
- Faster Access to Funds: Compared to traditional bank loans, this solution can provide much faster access to funds, often within 24 hours of invoice submission.