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
€750K Selective Invoice Discounting for Cork based IT company
This successful business had a handful of blue chip debtors. Their invoice discounter was uncomfortable with the nature of the debt and only provided €300K funding line against a €1M sales ledger. We arranged Selective Invoice Discounting with a flexible funder who was happy with the nature of the debt, and who immediately facilitated 80% cash advance within 24 hours of receiving invoices from selective key debtors.
€1M Invoice Discounting for Haulage company in Munster region
Clancy got us a fantastic deal which was a real game-changer.
This business had Invoice Discounting with a Bank that was exiting the market. They wanted to explore their invoice discounting options. We reviewed their facility and got quotes from alternative funders. We introduced a lender that offered a much higher prepayment (85% vs 70% ) and more than doubled the funding line (€1M vs €400K). This gave the business a significant cashflow boost by immediately releasing an extra €400K ‘trapped ‘cash from their debtors’ ledger, as well as a ‘right sized’ funding facility.
Clancy found us a great funding partner - now we get cash in 24 hours from key customers, and this really allows us to maximise our cashflow.