Invoice finance for engineering firms

• Cash flow challenge: Engineering firms often face delayed client payments on large contracts while covering upfront material, tooling, and labour costs.

• Perfect for: Engineering, fabrication, and manufacturing firms working on long-term contracts or milestone-based projects.

Novuna helps engineering firms access the cash tied up in unpaid invoices to keep projects running smoothly and operations funded either through our award-winning in-house service or by comparing providers to ensure you have a great deal for your situation.

Boost your cash flow Speak to an expert

Keep your projects running with predictable cash flow

Engineering firms often experience cash flow gaps between project milestones and final payment. Invoice finance provides fast access to funds by releasing up to 90% of invoice value within 24-48 hours.

This means your business can:

• Pay suppliers, subcontractors, and staff on time.

• Manage large material orders or equipment costs.

• Maintain liquidity across multiple contracts.

• Reduce reliance on overdrafts or short-term loans.

Benefits of invoice finance for engineering firms

• Fast access to cash: Up to 90% of invoice value available within 48 hours.

• Improved working capital: Keep your project pipeline moving without delays.

• No new borrowing: Release funds already owed to your business.

• Flexible funding: Facilities scale with your invoice volume and client base.

• Predictable operations: Cover payroll, materials, and production costs confidently.

Boost your cash flow Speak to an expert

Invoice finance vs. asset-based lending for engineering firms

Both invoice finance and asset based lending improve liquidity, but they work differently. Here’s a simple breakdown to help you decide:

• Invoice finance releases cash from outstanding invoices, ideal for contract-based working capital.

• Asset based lending uses machinery, stock, or invoices as security, ideal for larger facilities or growth projects.

• Invoice factoring adds credit control support, so collections are handled by your finance provider.

• Invoice discounting keeps collections confidential, letting you maintain client relationships.

Spot factoring and project-based finance

Not every engineering firm needs ongoing funding. Spot factoring offers flexibility for one-off or milestone-based projects, giving you access to funds against a single invoice or contract.

This is ideal for:

• One-off engineering contracts or prototypes.

• Large supplier invoices linked to specific projects.

• Firms scaling up or taking on short-term work.

Spot factoring gives you the benefits of invoice finance without committing to a full facility.

How Novuna Business Cash Flow can help

We’ve helped engineering and manufacturing firms across the UK unlock working capital and strengthen project cash flow.

Speak to our experts today and we will help you find a great fit for your situation.