What is Cash Flow Finance?
Invoice factoring is a cash flow finance solution that allows businesses to access a large percentage of the funds held in their unpaid sales invoices. Your business can enjoy the benefits of the cash flow of the invoice before your customer pays it.
Typical businesses that use invoice cash flow finance are: wholesalers, manufacturers, employment agencies, IT companies, call centres and transport companies. In fact, almost any business where the goods have been delivered and/or the service provided.
Most small businesses need a line of credit or overdraft, which can take weeks for the approval, to keep operating and enable the business to grow. Invoice factoring is different because you do not have a ‘loan’ as such, and you do not need to secure your funding with property. Your customer invoices act as your security, and approval can be within 24 hours!
At Nova we believe all businesses deserve a chance to grow!
Learn more today. Contact Nova Cash Flow Finance now!