Commercial Finance
Business Growth
If you choose to use Autograph Finance we will handle everything application to receiving the funds to bring about a swift completion.
FACTS
Invoice Discounting
Waiting for customers to pay their invoices can put a strain on a business’s cash flow. With Invoice Discounting a funder will advance typically up to 85% of the invoice value on the date the invoice is issued. Your customer will pay you in line with their terms of trade and at that stage you will pay the funder back less any charges. Typically there are 2 types of Invoice Discounting:-
Confidential Invoice Discounting
With Confidential Invoice Discounting you will continue to deal with customers yourself as normal — your customers won’t know you’re using a finance provider. The downside to this is that you’ll manage the sales ledger and still have to chase invoices yourself. However you do stay in control of all communication with your customers.
Factoring
With factoring, your customers will know that you're in receipt of finance because the lender will typically manage your sales ledger and credit control processes. As such, they’ll chase any late payments on your behalf.
Either of these can be with or without recourse. With recourse means the funder will insure your invoices against bad debts for an extra charge providing you with additional peace of mind.
We work with a number of partners within the Invoice Discounting arena to help find a tailored solution for your business