Barclays invoice discounting is just one of the corporate banking services that the bank offers to businesses. This is a fast, flexible and secure means of raising funding, releasing cash flow tied up in unpaid invoices. However, there are other lenders to consider, such as Select Factoring.
Barclays Invoice Discounting
Invoice finance can free up funds, allowing your business to grow. With Barclays, invoice discounting can release up to 85% of the value of the invoice within 24 hours. This could offer more to some businesses than traditional loans and overdrafts.
Invoice discounting lets businesses remain in control of their credit collection. This is unlike other forms of invoice finance such as factoring, where the lender will chase up payments. As such, invoice discounting is often suited to slightly larger businesses who want their use of a factoring lender to remain confidential. Barclays invoice discounting is available for companies with forecast sales of over £1 million per year.
Invoice finance services are also available from smaller lenders, as well as the big banks such as Barclays. It’s worth looking into all your options to make sure your business is getting the best service possible.
Select Factoring has a range of invoice discounting and factoring solutions. For any business which issues credit terms of 30, 60 or 90 days, we could help to raise funds and help to ease cash flow problems. This is a solution that can help a whole range of business sectors, from manufacturing, recruitment, wholesalers or any business to business supplier of products or services.
If your business is looking for an alternative way to raise cash for bills, expansion or just day to day running, then Select Factoring could help. We can release up to 90% of the value of your invoices, helping you to raise funds for whatever your business needs through invoice discounting.
Contact Select Factoring today for invoice discounting solutions that could give your business a cash flow boost.