Invoice Discounting is a form of short-term borrowing that you can use to improve your company's working capital and cash flow position.

Invoice discounting allows your business to draw money against its sales invoices before your customer has actually paid. To do this, your business borrows a percentage of the value of its sales ledger from IDC Financial, effectively using the unpaid sales invoices as collateral for the borrowing.

With our invoice discounting product, you will receive advances of funds against outstanding sales invoices. Up to 90% of the value of your invoices can be paid out within 24 hours of raising them. Funds advanced under invoice discounting can be increased when a selection of assets is taken into consideration: We can provide funds against invoices, stock, plant and machinery,land and buildings. The exact mix of assets utilised will depend on your needs and the strength of security in the assets themselves.

Benefits:

• By receiving cash as soon as a sales invoice is raised,to your business will find that its cash flow and working capital position is improved.
• Your business will only pay interest on the funds that it borrows, in a similar way to an overdraft, which makes it more flexible than debt factoring.
• Invoice financing can be arranged confidentially, so that customers and suppliers are unaware that your business is borrowing against sales invoices before payment is received.

Who is eligible?

We can offer invoice discounting to businesses with well-established credit control and sales ledger systems.

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