2 hrs

How long it takes to see if we can help you

£111,210,278

How much we have funded to small businesses so far

UK Finance represents nearly 300 of the leading firms providing finance, banking, markets and payments-related services in or from the UK. Trustpilot is a review community that builds trust and transparency between consumers and businesses.

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Rated by our clients

Who it’s for

If you sell goods or services to creditworthy companies on credit terms.

What it is

This solution goes by a few different names including: Selective Invoice Discounting, Single Invoice Finance, Spot Factoring.

It’s straightforward factoring but with Working Capital Partners you have full control about which individual invoices you factor.

How it works

You have business clients that you invoice on agreed payment terms which could be from 30 to 120 days, but you need the cash now in order to keep your business running.

Some factoring companies lock you into a long-term contract for all of your invoices with a minimum monthly utilisation. Then they charge fees for everything from admin to late payment penalties. We have simplified it.

  1. As long as we can verify the invoice and you have a creditworthy customer, we can usually advance up to 85% of the invoice face value the same day.
  2. You decide how much you need.
  3. Once your client has paid us, we will send you the balance less our fee.

Is this solution right for your business?

We also provide Purchase Order FinanceExport finance if you’re selling overseas, Stock finance  if you are a larger business needing a revolving stock finance facility and business loans for certain qualifying purposes.

 

 

Call now to discuss which solution is right for the way your business works.
020 8203 6500

Our fees

The fee is shown as a percentage of the invoice total but it’s calculated using a number of factors:

  • the actual amount advanced
  • the number of days from advance until your customer settles

Top Tip

Get your invoices out promptly, but only draw cash when you need it. This helps keep your fees down and gives you the option to top up as needed.

We’ve made it even simpler

24/7 online platform

With our 24/7 online platform, you manage the whole process.

Bad debt protection

With our bad debt protection as standard, you’re covered even if your client becomes insolvent.

People we’ve helped

Find out how an electrical services company saw turnover double inside a year with the help from Working Capital Partners.

Read more

Talk to an expert

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UK Finance represents nearly 300 of the leading firms providing finance, banking, markets and payments-related services in or from the UK. Trustpilot is a review community that builds trust and transparency between consumers and businesses.