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What is Invoice Discounting?

Published 21/04/2015 11:42:59

When a business is faced with a shortfall of working capital and requires some funds to help improve their cash position, one possible solution is invoice discounting.

The way in which invoice discounting works, is that a business can draw money, secured against sales invoices which have been issued, but have not been paid. This means that the borrower has access to the funds quicker than normal, and is therefore able to use the finance earlier than otherwise. The lenders usually take a percentage of the invoices as a fee.

So is invoice discounting right for your business?

Well that depends on the nature of your business and what you are looking to do. For any organisation, any type of commercial finance is a bespoke process. The type of finance which is right for you and your business might be very different for another. Which is why at ASC Finance for Business, we arrange an in depth discussion with each business looking for finance, to help understand which finance is right for them, and how best to proceed in applying for finance.

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Why ASC?

You already know that arranging business finance can be a tricky experience.

We appreciate that your time is precious. With our extensive knowledge of business finance available in today’s SME market we can approach the lending institutions that are right for your business finance needs. You will be saved from the frustration of endless form filling, repeated conversations with numerous lenders, and save you from having to provide each different lender stacks and stacks of information.

Our job is to remove the ever increasing number of hurdles that are put in your path, by arranging business finance or commercial finance for you in a time-saving and more efficient manner.

ASC have been established for over forty years and we have experienced more recessions and ups and downs in the economy then we care to remember. Due to our clear focus on independent businesses and entrepreneurs we have developed a track record which is envied by our competitors. You will deal directly with an experienced Director who has a strong commercial background and real experience enabling him or her to find the business finance which is just right for your business.

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