Selective Invoice Discounting – fast access to cash
Selective Invoice Discounting is a very flexible cashflow finance solution that enables you to release cash against individual, one-off, or selected invoices as needed, rather than selling your entire ledger. Using Selective Invoice Finance, you simply pick and choose which invoices you want to discount. There are no long-term contracts or annual fees, so you can use this flexible facility as you need to, and you simply pay as you go. And if your business needs a fast cashflow boost, this funding can be set up quickly.
What is Selective Invoice Discounting?
Using Selective Invoice Discounting, you choose which customer invoices you want to raise money against. You can access up to 85% cash of the invoice value immediately, and the balance is paid when the customer pays the invoice in full. This can be a great funding option for any business that may have a one-off large invoice, a single debtor, or customers on extended credit terms. It’s also ideal to fund seasonality, and to smooth occasional cashflow blips.
Benefits and features of Selective Invoice Discounting
Instant cash boost
Access up to 85% of the value of your sales invoice in 24 hours, and the balance when the customer pays.
Single or multiple invoices
Choose whether you want to fund a one-off invoice or a single debtor, or multiple invoices.
Fast and flexible
You can get set up quickly and use the facility as and when you need it.
No annual contracts
There are no annual contracts or commitments to annual fees
No personal guarantees
Funders secures against the invoice, so no need for personal guarantees, or other security.
Better cash flow
Rather than waiting months to get paid, you can access cash quickly and improve your company cashflow.
Does my business qualify for Selective Invoice Discounting?
Your business may qualify for Selective Invoice Discounting finance if it meets these criteria:
A Limited Company registered in Ireland
Selling goods or services to trade debtors on credit
Raising invoices in arrears to credit insurable customers
Minimum invoice value for funding €20K
Talk to the Experts
Clancy Business Finance has in-depth knowledge of this specialised industry and we can help you get the best Invoice Discounting solution, to help you improve cash flow and maximise your working capital. We’ll manage your entire application to ensure you get best advice, and the best deal, with the right funding partner.
For more information or if you would like a confidential chat, please call us on 01 438 6462 or email [email protected] or request a callback.
Our success stories
€330K Extra Funding Through Single Debtor Finance
A telesales company with 90% of turnover tied to one customer could draw only €150K against its €600K debtor ledger because its invoice discounting funder capped that debtor at 35%. Clancy Business Finance introduced a specialist invoice finance provider willing to fund the key customer to 80%. This increased available funding to €480K, releasing an additional €330K in working capital.
Read more
Clancy got us a much better deal that really allowed us to get maximum cash from our debtors ledger.