Our Invoice Finance Services
What is Invoice Finance?
Invoice finance lets your business access up to 90% of the money your customers owe you within 24-48 hours, instead of waiting weeks or months to be paid, freeing up working capital to fund growth and meet your own commitments.
Wise Factoring is an independent invoice finance broker with a panel of over 50 funders, from high street banks to specialist lenders. Tell us about your business once and we’ll compare invoice factoring, invoice discounting, single invoice finance and revolving credit options for you.
How Invoice Finance Can Help You
If you sell to other businesses on 30, 60, 90 or even 120-day payment terms, you are likely to be eligible. Invoice finance is widely used in manufacturing, transport and logistics, recruitment, printing, wholesale, construction and many more sectors, for both UK and international customers.
With a facility in place, late payments and long payment terms no longer squeeze your cash flow, so you can take on more work, meet your own commitments and focus on growing your business.
Why Use an Invoice Finance Broker?
- Whole-of-market view: access to over 50 funders, from major banks to specialist independent lenders.
- The right funder first time: we match your business to funders whose criteria you meet, avoiding unnecessary declines and credit searches.
- Better terms: we compare fees and negotiate reductions, waivers and trial periods of up to six months with certain funders.
- Complex cases welcome: new start businesses, non-homeowners, previous insolvencies and applications declined elsewhere.
- Ongoing support: we review your facility as you grow and help you switch when a better option is available.
How It Works
- Tell us about your business, your turnover, customers, payment terms and what you need the funding for.
- We compare the market, we shortlist the funders best suited to you and explain the options, fees and terms in plain English.
- You choose and we manage the rest, we make the introductions and support you through to funding.
Recent Results
- £175,000 invoice finance facility for a fast-growing ventilation company after another lender declined
- £150,000 construction factoring facility for a new start business, live in just over three weeks
- £500,000 revolving credit facility for a growing aggregates business
- Switching factoring providers for a fast-growing construction company
Invoice Finance Broker FAQs
What does an invoice finance broker do?
An invoice finance broker compares funding options across a panel of lenders, matches your business with the funders most likely to approve your application, negotiates fees and terms on your behalf and manages the process through to funding.
Why use an invoice finance broker rather than going direct?
Invoice finance providers have very different criteria, fees, contract terms and appetites for sectors, start-ups and more complex cases. A broker knows which funders suit your circumstances, saving you time and avoiding multiple applications, and can often negotiate better terms such as fee reductions, waivers or trial periods.
How many funders does Wise Factoring work with?
Wise Factoring works with a panel of over 50 funders, from high street banks to specialist alternative finance providers.
Can you help if I have been declined for invoice finance?
Often, yes. A decline from one funder does not mean every funder will say no. We recently arranged a £175,000 facility for a fast-growing ventilation company after another lender had declined its application.
Can you help me switch invoice finance provider?
Yes. If your facility is due for renewal, we can review your fees, service levels and funding, compare the market and manage the switch to a new funder.
How quickly can I get funding?
Setting up a new facility usually takes one to three weeks depending on the funder and the complexity of your business. Once live, funds against new invoices are typically released within 24-48 hours.
The Latest Invoice Finance News
The History of Wise Factoring
In August 2014 after a 20-year career in Telecoms and Technology sales, our Managing Director Phil Murphy set up Wise Procurement Limited. Phil moved to the other side of the desk, using his experience to help businesses improve their procurement processes and negotiating better deals for a variety of products and services.
During those first few years, cashflow kept coming up as the main issue for our clients and invoice factoring was the obvious fit in many cases. By 2018, 99% of our work was in the invoice finance space. We created a new trading style called ‘Wise Factoring’ and we have been 100% focussed on Invoice Finance ever since.
Due to demand for additional business finance solutions, we launched a sister company called Wise Commercial Finance Limited. We can help with Unsecured/Secured Loans, Property Finance, Acquisition Finance, Supplier Finance and Asset Finance. We have access to over 300 Lenders with our Appointed Representative status via Funding Friends Ltd.
Wise Commercial Finance Limited is an Appointed Representative of Funding Friends Ltd. Funding Friends Ltd is authorised and regulated by the Financial Conduct Authority (FCA No. 935775).
Visit us here http://www.wisecommercialfinance.co.uk
