If your business sells on credit you may be able to get invoice finance, also known as debtor finance.
This means that you may be able to take a loan against the value of the invoices/credits that have been extended to your customers.
Invoice finance/debtor finance enables you to get paid almost immediately, instead of waiting 30 days, or whatever your payment requirements are, for your customers to pay. Invoice finance/debtor can be a solution to your cash flow problems caused by your payment terms.
There are certain criteria that you must meet in order to get invoice finance/debtor loans.
You may be able to get invoice finance!
Invoice finance/debtor finance is a useful business finance facility because:
Need financing for business?
Contact a finance professional to discuss your needs.
Low doc business loans
Sometimes you will not have all of the documents required to prove your income for a full doc business loan. In this case a low doc business loan may be an option.
Non-conforming business finance
Have you been rejected by the bank when applying for plant and equipment finance even though you have a strong financial position? You may still have options!
Self-employed home loans
Are you self-employed and looking for a home loan? Find out about home loans for self-employed people here:
Oak Laurel – Finance made easy!