Selective Invoice Finance
Specialist Business Funding
Selective Invoice Finance is the most flexible form of invoice finance. Want to have the control of picking and choosing what invoices you want funding on. Stop late payments and having to stretch your business's cash-flow. Speak to Pinnacle Business Finance today.
Pinnacle SME Funding
What is Selective Invoice Finance
Selective invoice finance is one of the most modern forms of invoice finance in the UK. Giving companies the flexibility and ability to access cash flow funding when they require it. When you want funding on an invoice you upload the details of the invoice commonly onto a platform. Whereby you receive up to 90% of the value of the invoice as an upfront payment. Once the invoice is paid the remaining 10% or balance comes back to you minus the fees which are pre-agreed. Typically, the fee structure on a selective invoice finance facility is bundled. One agreed fee, making it simple and easy to understand.
Selective invoice finance facility
What are the benefits of Selective Invoice Finance?
Having a selective invoice finance facility allows a business to have full control of their sales ledger. They can choose to receive funding on invoices as much or little as they like. They choose what invoices they need funding on and what ones they don’t. Typically, an invoice financier will provide an online platform for a business to upload invoicing onto as required and in return receive upfront payments. It can be a lot faster to get set up than whole turnover invoice finance facilities. As a bonus most selective invoice financiers will provide credit insurance on the invoicing, giving you peace of mind and the ability to take on larger projects, orders or work that you are being asked to complete. This in turn should allow you to increase turnover within the business and boost cash-flow.
Wide range of selective invoice financier
Selective Invoice Financiers in the United Kingdom
Get in touch
How can I set up a Selective Invoice Finance Facility?
Firstly, the business will need to get in touch with Pinnacle. You can do this using the enquiry form at the bottom of this page. One of the finance brokers will listen and get to know how your business operates. Understand the future plans in relation to turnover, projected work and where you want to be in 12-24 months’ time. The broker will then gather the relevant information from you. Approach the most relevant finance companies for you and present the offers to you. Typically a selective invoice finance facility can be set up in as little as 48 hours making this a fast finance option. Saving you time and money.