This website is owned and operated by Reform Financial Ltd – company number 13084762. Registered address – 124 City Road, London, England, EC1V 2NX. Licensed under the Information Commissioners Office (ICO) for data Handling; DPA No ZA840802.
Selective Invoice Finance
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
What is a Selective Invoice Finance Facility?
A Selective Invoice Finance Facility allows you to unlock funds against one or more unpaid invoices. This means that with Selective Invoice Finance it does not require you to sell your whole sales ledger, resulting in an extremely flexible and easy to use facility for your business.
This borrowing facility is a great way of maintaining strong cash flow for your business, especially if it is seasonal. This means there is no waiting around for invoices to be paid – with one of our facilities you can release up to 95% of the invoice amount immediately.
Once the facility is running, your business can use it against uncleared customer invoices to free up funds to be used however you deem fit. A Selective Invoice Finance facility gives your company the ability to grow at pace – whether you need the money to employ more staff, pay bills, increase wages or support a new project or process, this facility is here for you to use as and when you wish.
Unlock up to 95% of the invoice amount
A Selective Invoice Finance facility can enable your business to release these funds immediately.
Sell single or multiple invoices
The choice is yours, whether you want to unlock a single invoice, or a batch of invoices.
No long-term contract
Your business won’t be tied into any lengthy contracts, and there’s no ongoing fees.
Flexible for your business
Use a Selective Invoice Finance facility as and when you need to increase cash flow.
Speedy funding
From the moment your invoice is validated you can have the money in your account in as little as 24 hours regardless of credit rating.
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.
How Selective Invoice Finance 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. With selective invoice finance you can choose which invoices you want to be funded as opposed to selling your whole sales ledger. Selective invoice finance comes under the invoice factoring umbrella, so unlike with invoice discounting, the facility will not be confidential.
Raise invoices
Your chosen lender raises the invoice/s to your customers on your behalf and takes full responsibility for credit control and chasing payments.
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 on their usual terms directly to your lender. The lender then pays you the remaining balance minus 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 a Selective Invoice Finance facility?
A Selective Invoice Finance facility is suited for all types of small businesses, including startups and sole traders that sell goods or services to other companies. There’s no minimum trading or turnover requirements, so your business can utilise the benefits of selective invoice financing from day one.
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
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 a Selective Invoice Finance facility cost?
Fees vary between providers, but are usually a percentage of the total invoice value. There is absolutely no obligation with Selective Invoice Finance so your business has full flexibility. You can choose how frequently to use the facility.
There is only one discount fee
This is the cost to you, and is calculated as a percentage of the full invoice value. It’s important to note that a Selective Invoice Finance facility can be more expensive per invoice than ‘whole ledger’ facilities. If you have more than one invoice to sell and require the facility on a long term basis, it might be more cost-effective to get an invoice factoring or invoice discounting facility.
When you should use an Invoice Finance Facility for your business
You should consider utilising an Invoice Finance Facility if you regularly need to support and maintain strong and healthy cash flow, or would like to release funds from a substantial invoice immediately without waiting for it to be paid.
An Invoice Finance Facility gives your business flexibility by providing liquidity. If your business is seasonal or endures periods of financial difficulty then this completely on demand service gives you peace of mind and confidence when it comes to business finances.
One of the biggest issues with regards to providing products and services to other companies is the payment turnaround time. In a lot of cases invoices can take between 30-90 days to clear, and this makes building a business extremely difficult, not to mention time consuming. An Invoice Finance Facility can cut that wait time leaving you to focus on growing your business.
An Invoice Finance Facility 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
Our job is to work out who the best lenders are, what their processes are, and what their USPs are. We have spent a substantial amount of time and effort vetting our panel to ensure that we only ever introduce you to the perfect lender for your specific needs.
Using Reform Financial allows you to check your options without having to spend hours filling in forms and speaking on the phone. Unlike a lot of brokers, we have opted to only take a fee when you get what you want, and that fee comes out of the lenders fee, so using our service will never cost you more, it will just save you time and effort.
Our process is the most friendly and efficient you will find. There’s no obligation, and we won’t perform credit checks, give you false hope, or waste your time. 99% of the time we can come back to you within 60 minutes of your enquiry.
1: Quick and easy consultation – our experienced and helpful team will ask some top-level questions including information about your business and needs
2: Shortlist and indicative terms – We use our expertise to match you with the very best and most appropriate lenders and come back to you with initial offers
3. Once you are happy with an initial offer, and you want to discuss your needs in more detail with your desired lender, we will connect you. We are here to help throughout the whole process, so you can contact us any time you have a question or need any help
Unlike the majority of other brokers, we never charge any fees. We are extremely confident about the service we provide, so there is no need for us to rely on hidden or unnecessary fees.
Instead we receive a commission upon completion of a job, when you are happy. This commission is offset against the lenders commission, so it will never cost you more to use our service. And because we get paid after we’ve done an exceptional job, it’s always in our best interests to go above and beyond.
We have spent a considerable amount of time building strong relationships with our lenders. We decided to choose quality over quantity with our panel, while making sure you have enough options.
Currently we have 200+ trusted lenders who have all delivered exceptional results time and time again and we have specialist lenders within each sector, and these range from high street banks, and challenger banks, right through to private funds and HNWI’s.
Never! We are not here to make a quick buck, especially by trying to ‘sell you’. Instead we are in it for the long game, and will continue to build a business that stands head and shoulders above the competition when it comes to customer service and respect for our clients.
You will receive the same friendly, caring service whether you need your funds yesterday, have a potential project in 6 months, or are just window shopping. Feel free to use our service to benefit you and your business and we will always be more than happy to help.
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.