How does Invoice Discounting work

Confidential Invoice Discounting (CID) is a flexible and efficient source of working capital that enables you to convert up to 90% of your trade debtors into cash within 24 hours with Business Finance. Linking immediate cash availability to your sales means your funding supply grows as you grow.

The Way it Works

Step 1 - You provide a service/product to a customer and invoice them.

Step 2- You send us invoice details, electronically or by post

Step 3 - We advance you up to 90% of the value of the invoice by the next working day, or even the same day.

Step 4 - Your client pays the value of the invoice

Step 5  - We forward net invoice value to you minus costs

  

The Benefits

  • Invoice Discounting can dramatically reduce the time between raising an invoice and receiving the cash.
  • Facilities are operated on a confidential basis - your customers are unaware of our involvement.
  • Rapid turnaround - Invoices assigned to us in the morning can generate cleared funds in your bank account in the afternoon. This is designed primarily to promote growth of your business.
  • Through the GE Link functionality, you are provided with real-time information on your facility for no additional cost.
  • You maintain full control of your sales ledger, and remain responsible for issuing statements and making collections.
  • CID will usually provide your business with a greater level of funding than a traditional bank overdraft.
  • By adding Credit Protection to Confidential Invoice Discounting, you protect yourself 100% from bad debts. We call this a 'non-recourse' arrangement.