The Invoice Finance Market is changing
The great news is that more lenders are now seeing the benefit of working with businesses that operate within this market. As more lenders are entering the market it’s driving greater competition and therefore we are seeing a reduction in the overall price and better service levels.
We would actively encourage a review if you are an existing user of Invoice Finance as the market has really expanded over the last few years.
Beacon Finance fund many sectors including:
- Maintenance Companies
- Industrial cleaners
- Plastering / dry lining
Construction Invoice Finance cost and rates
Advance rates tend to vary between 40% and 85% dependent on sector and the nature of contracts. If you would like to clarify likely advance rates prior to a full application we can happily discuss this with you.
We have lenders that are happy to fund against applications for payments rather than invoices.
When assisting businesses in these sectors we are often tasked to raise as much funding as possible, we therefore often assist with cash flow loans alongside an invoice finance facility to ensure a company gets the funding levels it needs.
During these unprecedented times the Government has announced the Corona Virus Business Interruption Loan Scheme, CBILS. We are already receiving many enquiries of how to access this but at the time of writing there is an information embargo and we must sit and wait....
We have had a number of clients approach us due to their bad debt protection / credit insurance limit being removed on Eddie Stobart Limited and other associated companies. This comes in the wake of the publicised story of financial irregularities and suspension of...
We get numerous requests for debtor finance from businesses that work under the Energy Companies Obligation / Green Deal scheme and whilst most lenders will not look at funding these we have had success in obtaining factoring in this industry. Indeed in the last...