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Invoice Discounting
Compare the whole market in one go with our 20+ years of experience.
- Borrow from £10k to £50m
- Largest panel of Invoice Finance lenders
- We won’t be beaten on service or price
- Confidential facilities available
- Unlock up to 95% of unpaid invoices
- Borrow from £10k to £50m
- Largest panel of Invoice Finance lenders
- We won’t be beaten on service or price
- Confidential facilities available
- Unlock up to 95% of unpaid invoices
Does your business need Invoice Factoring?
Invoice discounting allows your business to sell its sales ledger, but unlike invoice factoring, credit control stays in-house. This means your customers will not know that you are using an invoice discounting facility, keeping the whole process completely confidential.
Invoice discounting is a very popular choice for businesses of all sizes and lets you unlock up to 95% of the full value of your sales invoices, and is perfect if you do not want to relinquish control of chasing payments.
Unlock up to 95% of the invoice amount
Invoice discounting can enable your business to release these funds immediately.
100% Confidential
Your company runs credit control so your customers won’t know that you are using an invoice facility.
No asset security required
The invoice itself provides the required security, so there’s no need for additional asset security. A significant advantage over other business loan products.
Maintain strong client relationships
Manage your client accounts as standard while invoice discounting controls your cash flow in the background.
Extras
Optional bolt-ons to your facility include bad debt protection and payroll support, allowing you to protect your business and free up time.
Retain control
Invoice discounting allows you to stay in control of your sales ledger as you normally would.
How Invoice Discounting Works
Your business is different to everyone else’s, so we use our 20+ years of expertise to align you with the perfect invoice finance facility for your needs. It’s simple…
Sell your invoices
Sell your unpaid invoices to your chosen funder who will buy them for an agreed upon percentage of their total value. Unlike invoice factoring, invoice discounting is confidential, so your customers won’t know you are using an invoice funder.
Raise invoices
Your business raises invoices to your customers as usual.
Release funds
Your funder will pay you up to 95% of your unpaid invoices on day one, allowing your business to carry on as usual without having to wait for long payments from your customers.
Completion
Your customer pays their invoice/s to you on their usual terms and you pay the lender their fee.
" Simply excellent service!
Fantastic energy, personality and a wealth of knowledge.
They put the relationship first and work tirelessly to help clients find the best solution. "
" Friendly, efficient and so helpful!
Reform have been so great! They have tonnes of options, and Lee and his team are super friendly and helpful! Can’t fault them for their wealth of knowledge and support. Thanks! "
" Great customer service. Excellent experience with Lee and the team. They work hard to get you the best deal which saves the time and effort of approaching lenders directly. "
" Professional service. Professional service that is delivered in an easy way to understand. They provide a variety of options to ensure you get the best solution. "
" What a wonderful team! What can I say, great experience, always positive, service always with a smile! Well done Lee & John at Reform Financial Ltd! 🙂 "
Release cash in your unpaid invoices
- Free quote
- Tailored to your business
- No obligation
Does my business qualify for invoice discounting?
Invoice discounting is suitable for many businesses who trade directly with other companies on standard credit terms. Your business must be based in the UK or Ireland and turnover £100,000 or more.
If your business meets the following criteria we can help
- Limited company, LLP, or sole trader
- Your business is UK based
- You sell to other businesses on payment terms
- Annual turnover of £100,000 or more
If your company does not meet the criteria then don’t worry – our expert team can offer a whole array of options tailored to your specific business needs. Just contact us to find your ideal solution.
How much does invoice discounting cost?
Typically there are two main fees involved when using an invoice discounting facility, a service fee and a discount fee. These fees vary depending on your business and are impacted by the sector your business is in, your trading history, and how frequently you invoice. All costs are made completely clear before setting up a facility.
There are two fees when using an invoice discounting facility
1 - Service fee
This is the cost of utilising the facility, and is calculated as a percentage of your gross turnover.
2 - Discount fee
This is the cost of borrowing and is calculated as a percentage of the invoice value.
When you should use invoice discounting for your business
Manage healthy cash flow for your business with confidential invoice discounting and alleviate pressure, worry, and stress so you can focus on growth. Don’t allow cash flow to prevent your company from doing what it is best at.
Invoice discounting helps you to secure money and unlock cash quickly and easily, helping you to obtain significantly more funding than a traditional bank loan.
Invoice discounting suits the majority of the UK SME market
Our partners have helped thousands of businesses just like yours, across an array of sectors including:
Don’t wait to get paid so you can focus on growth
- No long term contracts
- Completely flexible
- Maintain your cash flow
FAQs
Invoice discounting allows your business to release cash against your outstanding customer invoices instead of having to wait for them to be cleared, meaning you can continue to grow your business and deal with all of your commitments without affecting your cash flow.
Absolutely. Invoice discounting is completely confidential, so your customers will not be aware you are using an invoice discounting facility.
The main difference is the element of confidentiality. With invoice discounting the responsibility of credit control lies with you, so your customers will not know you are using an invoice finance facility, whereas with invoice factoring these responsibilities lie with your funding provider.
If your business has customers on long payment terms (30-90 days) then invoice discounting is an extremely useful tool as it means you can maintain strong cash flow and focus on building your business.
Our partners will not run a credit check against you, but will often run a credit check against your customer to calculate the risk of setting up a facility for your business.
As all businesses are different, there is no one size fits answer. However, our expertise lies in working at pace to meet and surpass your needs. In most cases an invoice discounting facility can be live within just a few days.
All of our partners offer Bad Debt Protection (BDP) as standard. This protects you and your business against any potential losses caused by a customer that cannot pay their invoice.
Reform Financial help thousands of companies and individuals to find the right financial support. The main benefit of speaking with us is that we do not offer advice, but instead we can give you a comprehensive understanding of all of our services, and guide you through the process should you decide that one of our solutions is for you. If you need more information please feel free to visit our Complaints Policy and Privacy Policy.
Contact Us
Reform Financial Limited
124 City Road
London
England
EC1V 2NX
Reform Financial Limited is registered in England and Wales under company number 13084762. Reform Financial Limited does not administer or provide advice relating to any business finance products. Reform Financial Limited can introduce applicants to a number of finance providers based on the applicants circumstances. Reform Financial Limited do not charge for this service but may receive a commission from lenders or other brokers for such introductions.