INVOICE FACTORING SOLUTIONS FOR UK BUSINESSES
UNLOCK THE VALUE IN YOUR OUTSTANDING INVOICES
Experience a unique brand of personalized service and competitive rates with our regional, direct lending solutions.
ACCESS QUICK FUNDING WITH EXCEPTIONAL SERVICE TODAY
Invoice factoring quickly releases cash from outstanding invoices, so you have the cash you need to drive your business forward. Plus, with our credit management solution included, you’ll have more time to focus on growing your business.
FAST ACCESS TO CASH
Get up to 90% of the value of every invoice you raise within 24 hours.
FLEXIBLE FUNDING
As your sales increase, so does the amount of funding available to you.
EASY & SIMPLE
Business is challenging enough. We make it simple to access the funds you need.
PERSONAL SERVICE
Our local teams understand your business needs and make sure you get the funding you need when you need it.
HOW INVOICE FACTORING WORKS
- INVOICE YOUR CUSTOMER
Upload your invoice into our system. - RECEIVE YOUR FUNDING
We will provide up to 90% of the invoice value within 24 hours. - WE COLLECT PAYMENT
Leaving you to focus on running your business. - RECEIVE THE REMAINDER OF THE INVOICE VALUE
When your customer pays, we will deduct our fee and send the remaining funds to you.
WHAT YOU CAN EXPECT
FAST ACCESS TO CASH
An upfront injection of funds against the value of your outstanding invoices relieving cashflow pressures.
ONGOING SOURCE OF FUNDING
Up to 90% of the value of each invoice raised within 24 hours.
GROWS WITH YOUR SALES
The more you invoice the more finance you can access to invest in your business.
IMPROVED MARGINS
Use your improved cashflow to secure early settlement discounts.
SAVE TIME
We manage your sales ledger and collections for you so you can focus on growing your business.
STAY IN CONTROL
Keep on top of your funding and customer payments with access to your online account 24/7.
BESPOKE FINANCE
SOLUTIONS FOR YOUR BUSINESS
Your funding solution needs to match the way you run your business. Get fast access to cash and maximum flexibility with eCapital as your financial partner.
- Invoice Discounting
Get immediate funding with an ongoing source of finance.
- Invoice Factoring
Unlock the cash in your outstanding invoices.
- Bad Debt Protection
Safeguard your business cash flow.
- Selective Invoice Financing
Choose which invoices to finance.
WHY eCAPITAL IS YOUR INVOICE
FACTORING FUNDING PARTNER
Over £13 Billion
funded
in the uk
Up to £6M
funding lines
available in the UK
20 Years+
of servicing
UK clients
£2M
average funded turnover
OUR LOCAL OFFICES
Newport
Rombourne Serviced Offices, Galahad House, Newport, Priory Drive, Langstone, Newport, Wales
Manchester
Centurion House, Deansgate, Manchester, England
Glasgow
St Vincent St, Glasgow G2 5JF, Scotland
Reading
Reading Bridge House, George St, Reading RG1 8LS, England
Birmingham
Waterloo House, Waterloo Street, Birmingham, England
OUR CLIENTS LOVE US
We work with a variety of businesses across a diverse range of industry sectors. At whatever stage you find your
business, you can feel confident in our ability to help structure the right funding solutions up to £2.5M
FREQUENTLY ASKED QUESTIONS
What is Invoice Factoring?
Cash tied up in unpaid invoices can affect your cashflow and hold your business back. Invoice factoring quickly releases cash from outstanding invoices, so you have the cash you need to drive your business forward. Plus, by taking advantage of the additional credit management solution included, you’ll have more time to focus on growing your business.
Is Invoice Factoring right for my business?
Invoice factoring benefits businesses that sell to other businesses on credit. It works for a range of businesses across a variety of sectors from start-ups to established businesses.
It also benefits businesses experiencing a range of situations:
- Late payments
- Fast growth
- Seasonal trade
- Management buy outs /buy ins
How is Invoice Factoring different to an overdraft?
With invoice factoring, the funding available to you is based on the invoices you raise so the more you sell the more funding is available to you. You can use as little or as much of the funding as you like, and you only pay for what you use. Your invoices are your primary collateral. You are using money which is already due to you once invoice payment is received.
An overdraft is a fixed sum of money available to your business which is based on how your business has performed historically as recorded in your management accounts. You can use as little or as much as you like and will pay for what you use. If you need to increase the amount of funding required, you will need to renegotiate this with your funder and pay a renegotiation fee. An overdraft may require a charge over property or equipment.
Factoring or Invoice discounting?
Invoice Finance is a collective term for two funding solutions:
Factoring
With a factoring facility, you not only receive up to 90% of the value of each invoice within 24 hours of them being raised. In addition to this the funder will also manage the collection of invoice payment from your customer.
Invoice Discounting
With Invoice Discounting, you will receive up to 90% of the value of each invoice within 24 hours of them being raised. The difference is that you retain control of your invoice payment collection, and your team will chase customers for payment.
Dependent on the size of your turnover and the sales ledger administration processes that you have in place will depend on which finance solution is right for you. Here at eCapital we can fund businesses from £100k up to £15m turnover.
Some firms prefer to retain control of their sales ledger credit control function whilst others see the benefits of effectively outsourcing the collection process.
Some invoices or all?
At times your cashflow could benefit from an injection of funds. Selective Invoice Finance gets you fast funding against invoices on a selected customer basis. However, to ensure you maximise your cashflow, a full invoice finance facility is advised.
Should I consider Debtor Protection?
Most invoice finance solutions are “recourse financing”. In other words, if the customer fails to pay after a set period, then the finance company will reverse the cash advance and send the invoice back to you. This unpaid invoice is now your responsibility to collect.
Many providers offer debtor (bad debt) protection as an additional cashflow benefit. This means that as a business, you are protected against customer non-payment.
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