Invoice Finance
Accelerate your business growth with Invoice Finance
Overcome cashflow constraints. With Invoice Finance solutions at Yorkshire Bank you don't waste time following up customer invoices or waiting up to 90 days for payment. With an Invoice Finance solution we will provide immediate funding against approved sales, as soon as your invoices are notified to us via the Internet on Invoice Finance Direct. The actual amount will vary depending on your specific circumstances – please speak to your Relationship Partner for further information on Invoice Finance.
A solution that’s right for your business
When deciding on which type of facility to use, you should consider:
- Is confidentiality important to me?
- Do I have to retain operations in-house or could I benefit from professional outsourced credit control?
| Need | Solution | Benefits |
|---|---|---|
| Release your working capital to unlock business potential | Confidential Invoice Discounting | - Gives immediate access to working capital - Provides immediate access to funding as soon as new invoices are notified to us on Invoice Finance Direct - Provides confidentiality – stay in control of your credit and sales administration |
| Turn working capital into cash to accelerate your business growth | Full Service Factoring | - Offers dedicated credit control and immediate access to working capital - Frees you to concentrate on sales rather than administration - Flexible and secure |
| Protection for your trade invoices in the event of financial failure of debtors | Bad Debt Protection | - Protects from debtor failure - Competitive and easy to arrange cover |
Giving your business an advantage
With your Invoice Finance Partner, your business stands to benefit through a number of ways:
- Flexible funding – based on actual sales rather than projections, allowing quick growth without the worry of over-trading
- Cash injection – free up your day-to-day capital to use in more productive ways
- Choice of control – decide on how your credit control is managed, by you or the Bank
- Simple security position – in most cases an assignment of book debts is all that is required where a floating charge or debenture is in place
| Features |
Confidential Invoice Discounting
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Full Service Factoring
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|---|---|---|
| Real-time access to balance enquiries |
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| Bad Debt Protection (optional) |
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| Invoice Finance Direct available |
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| Full control of your working capital |
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| Credit control is looked after by the Bank |
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To find out more, contact your Relationship Partner, arrange a visit to your local Financial Solutions Centre or call 08457 03 45 67.
Terms and conditions apply. All facilities are subject to status and applicants must be aged 18 or over.
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland (No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.
