Invoice Finance
Fast reliable Funding
Funding when you need it
What is Invoice Finance?
Invoice Finance lets your business unlock the cash tied up in unpaid invoices from your customers instead of waiting 30, 60 or 90 days to get paid.
With invoice finance facility from Nova, you can access up to 85% of your invoices’ value within 24 to 48 hours, and use it for supplier payments, wages, utilities, or general working capital.
Read our introduction to invoice finance to see the full breakdown of how it works, or see the different types of invoice finance to find out if suits your business
* Assumes a 90% advance rate
** Example does not include fees and charges
accelerating tomorrow's cash flow
Invoice Finance is a great way to smooth out the cash flow waves in your business. A facility with Nova will allow you to access the cash tied up in your unpaid customer invoices to use on thing like: supplier payments, wages, utilities and other business related expenses.
Get in touch with us today to find out how an Invoice Finance facility can benefit your business.
Funding that grows with your business
One of the advantages in using an Invoice Finance facility over a standard Overdraft is that the credit limit can easily grow with your business.
Unlike an overdraft which has a fixed credit limit and often requires property as security, an Invoice Finance facility uses yours customer invoices as security for a flexible funding arrangement.
See our full comparison of invoice finance vs. overdrafts to weigh your funding options
Fund Tomorrow's Growth Today
Why Invoice Finance?
- Up to 85% of Invoice Value
- Grow your Funding Limit with Your Business
- No Property Security Required
three steps to success
How to Get Started.
It's as easy as 1,2,3
Turn your invoices into cash flow in 24 Hours.
01
Contact Us
Click the button below or call us today. We’ll walk you through how Invoice Finance helps your business.
02
Supporting Info
Send us the basic supporting information for you business so our team can assess your business.
03
Credit Limit offer
Credit Limit and advance rate offered within hours of receiving all of your required documents.
Get Started Today
Invoice finance lets your business access cash tied up in unpaid customer invoices instead of waiting 30–90 days to get paid. At Nova, we advance up to 85% of your invoices’ value.
They’re closely related terms. Factoring and discounting are two different structures, mainly differing in who manages collections and whether the arrangement is disclosed to your customers.
Invoice Finance can suit newer businesses because, unlike traditional banks, approval is based on your customer invoices and not your trading history or property.
Get in touch and we’ll assess your business’ needs.
No. Single or Selective invoice Finance is where a Client can choose which specific invoices to fund.
Our product is what is known as Whole of Ledger. We take the assignment of all your invoices.
Look at advance rate, fee transparency, whether facilities are disclosed or confidential, contract flexibility, and how fast funds are released. Nova offers up to 85% advance rates, no property security, and funding within 24-48 hours.
Find out if you’re eligible and we’ll walk you through how we compare.
No, in relation to confidential invoice finance only. Our invoice finance facility may also include factoring arrangements, where the position would be different.
No. Your invoices themselves are the security. No property is required.
Take a quick eligibility test here.