Compare Invoice Discounting Quotes In 3 Easy Steps

Invoice Discounting is a type of commercial finance, specifically designed to help release cash from invoices as soon as they are raised. This makes Invoice Discounting ideal for businesses wishing to smooth their cash flow and fuel their business growth.

Invoice Discounting would allow you to release up to 95% of the cash tied up in your unpaid invoices, with cash made available to you typically within 24-hours.

Unlike other ‘traditional’ forms of finance, such as an overdraft, the amount of finance available will also grow in line with your turnover – i.e. as your turnover grows, so will the amount of finance available.

What’s more, as finance is secured against your invoices, less personal liabilities are typically required to secure funding – unlike a business overdraft or credit cards which can require a personal guarantee.

Touch Financial is the largest Invoice Discounting broker in the UK. Our approach and key to success is simple:

We search the market, introduce you to the most suitable lenders, help you get your money quicker and better still, we won’t charge you a penny!

Benefits of using Invoice Discounting

  • ‘Try before you commit’ – Touch have access to Invoice Discounting facilities which can operate on a 30 day notice period!
  • Smooth cash flow – why wait 30-60 days for payment? Invoice Discounting is designed to bridge the gap between raising invoices and receiving payment.
  • Flexible finance – Unlike other forms of finance, such as an overdraft, the amount of finance available grows in line with your turnover.
  • Protect yourself from bad debtors – with optional credit protection.
  • Retain control of your sales ledger – unlike Factoring, you will retain control of your sales ledger, credit control and payment collection.
  • Confidential – Invoice Discounting can operate as a confidential service so your customers needn’t know you use the service.

How Invoice Discounting works in five easy steps…

  • Step 1 – You deliver goods or provide a service to your customers
  • Step 2 – You invoice your customers and send a copy to both the customer and lender.
  • Step 3 – The lender will then advance you a pre-agreed percentage of the invoice value, with the cash typically made available to you within 24-hours.
  • Step 4 – You follow up and collect payment from customers as usual
  • Step 5 – The lender will send you a monthly statement detailing the amount advanced and any fees due.

Invoice Discounting could be right for your business if you:

  • Raise invoices to other businesses
  • Turnover more than £250,000
  • Are based in the UK

Finding you the most suitable lender for your business…

Touch is the largest Invoice Discounting broker in the UK. We help over 650 customers every month and raise more than £2 million in funding. The key to our success is simple – we work hard to understand our customers and work even harder to help them find the right finance solution:

  1. We search the market – working with over 20 of the UK’s leading lenders, we know what their sweet spots are and where to find the best deals.
  2. Introduce you to the most suitable lender – once we understand your requirements we will recommend two or three lenders for you to speak with.
  3. Help you get your money quicker – we’ll introduce you directly to the most suitable person within each lender and keep in regular contact with them to avoid any unnecessary delays.
  4. Provide ongoing support – you will have a dedicated account manager at Touch who will keep in regular contact and answer any of your questions.
  5. We won’t charge you a penny! – our expert advice is free and there are no hidden fees! This is possible as we receive commission from lenders upon successful introductions – similar to a mortgage broker.

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