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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
What is the difference between invoice financing and invoice factoring? What is the process from initial enquiry to funds in my bank account? How long will the process take? Do you fund new start businesses? Do you fund phoenix companies? How much money can I borrow? What if I don’t want my customers to know that I’m using invoice finance? Will you tie me in to a lengthy contract? Can I access details of my account in real time? Can I trust you to handle my credit control in a professional manner? Can I use more than one provider simultaneously? Will there be someone managing my account? I provide goods and services to consumers, will you fund these invoices? Will I face any issues in receiving the level of funding I need? What charges can I expect with invoice finance? Who should consider Invoice Finance brokers? Is invoice financing a good idea? How does invoice financing actually work? Are invoice finance brokers regulated in the UK? What is invoice financing in the UK? How much will it cost? I export goods and services, will you provide invoice finance on these invoices? I'm already using a factoring provider but I’m unhappy and want to switch, can you do this for me? Why should I choose Novuna Business Cash Flow? Why should I use an invoice finance provider instead of my bank overdraft? What is an invoice finance company?