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Invoice Financing with Tower Leasing
Invoice finance comes in several forms and is all about maintaining a healthy and stable cash flow for your
business, after all, cash is the lifeblood of SMEs. The longer the gap between you paying your suppliers
and when you get paid, the more dangerous it becomes.
Your entire debtor book can be financed, several accounts or even single invoices, it all depends on your
needs and what you are aiming to achieve. We maintain strong relationships with all the top providers and
solutions can often be tailored to fit most circumstances, the length of the contract can also be flexible.
Stephen Jenkins
DDI: 01827 304 411 www.towerleasing.co.uk
FCA Regulated
Invoice Discounting
This type of invoice finance is normally best suited to larger companies or those that have a functioning
back office setup and credit control department.
You simply raise an invoice to your end user as normal but also provide a copy of this invoice to the
finance company. A percentage of the invoice (typically 80% although this does vary) is released to you
within 24 hours.
Once your customer settles the invoice, the remaining balance (20%) will be released back to you less a
small service fee. This type of facility is normally confidential.
Invoice Factoring
Factoring not only results in you getting paid on day one, it also takes the cost and pressure out of credit
control.
The fees involved are similar to discounting however the finance company essentially becomes your credit
control department, saving you the cost of hiring staff in-house for that purpose.
This option is ideal for those businesses in the early stages of development and for those looking to save
time and resources chasing outstanding payments. Invoice factoring can also be confidential.
Single Invoice Finance
This is a relatively new innovation and allows for complete flexibility. A single invoice or several at a time
can be used to raise capital within 24 hours.
Normally this is via an online platform on a peer-to-peer basis. This is ideal for businesses that don’t have
a need for long term facilities and require quick access to their cash without being tied into a contract.
Grow with Tower
We welcome the opportunity to discuss your aims for growth over these coming months, so please do not
hesitate to contact our Customer Sales Department to see how we can support your plans.
