Is Invoice finance in the UK suitable for small businesses?
Invoice finance provides an alternative finance solution to traditional forms of finance such as loans, lines of credit and overdrafts which often come with a multitude of eligibility requirements. The mechanics of providing funding for unpaid invoices to improve the cash flow of a business works the same for any size of business.
In order to be eligible for Novuna Business Cash Flow:
- Your business has to be invoicing other businesses (not consumers)
- You can be starting up, growing or well established. We support many businesses at different stages with their growth ambitions
- If your business is a new start, we prefer homeowners, but if not please still get in touch as we will look at each business individually
- Your business needs to have a minimum turnover of £50,000 per year