Invoice Discounting Stoke On Trent

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Invoice discounting is an ideal way to get extra capital, whether it’s for daily running costs or big expansion plans. If your business is in Stoke-on-Trent and you’re looking for extra cash flow, Select Factoring can help.

Invoice discounting – how does it work?

Banks aren’t the only place to get funding. Invoice discounting is a flexible and secure way of financing your business.

When you invoice your clients, you can send details to Select Factoring. We then send up to 90% of the value of the invoices to your bank account. This means you have capital within 24 hours of sending the invoice, instead of waiting weeks or months for payment to come through.

When the client pays the complete invoice payment, we release the remaining invoice value to you, minus a small lending fee.

Invoice discounting allows you to have capital when you need it, so that you can pay debts, purchase materials and expand your business without waiting for clients to send payments.

You can use this service as and when you need to, so you can manage your finances and pay staff and bills on time. With minimal paperwork and instant funding, there’s no need to wait for invoice payment.

Helping business in Stoke-on-Trent

Stoke-on-Trent is the birthplace of English pottery and Robbie Williams, and is renowned for its passionate football fans. It’s a town with industrial heritage and business connections aplenty.

This Staffordshire city has close links to the M6 and M1 motorways, as well as having a mainline railway station. This makes Stoke-on-Trent a hub for North Staffordshire business, particularly service industries and distribution centres.

Businesses in Stoke-on-Trent could benefit hugely from finance services like invoice discounting. Whether it’s day to day running or helping your company grow, Select Factoring can help you with your finances.

Contact us today to find out how Select Factoring can help you.

Selective Factoring allows you the option and flexibility to select which invoices to use to release your funds, which is perfect if you need quick cash flow due to a large order of products. You can choose which single or multiple invoices to Factor.

You send out your invoices to customers as normal, and then pass the details to the Factoring Lender. They can release up to 90% of the funds to you within 24 hours and keep 10% until your customers pay the invoices.

Helping your business grow

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