This is a solution for businesses to release capital locked in specific invoices where clients typically pay on 30,60 or 90-day payment terms.
The lender advances a percentage of the invoice value within 24 hours of the invoice being raised. Once the business receives payment from their client, they repay the advance borrowed plus any interest and fees.
Selective Invoice Discounting is an unsecured loan facility typically requiring a Personal Guarantee from a director or shareholder of the business. Read more about Personal Guarantee’s here.
