Selective Invoice Finance
Advance your invoices as needed, no long-term commitment required
- Receive up to 95% of invoice value
- Sell single or multiple invoices
- Fast, stress-free funding in 24 hours
- Fast Approval, No Strings Attached
What does it mean by selective invoice finance?
Selective invoice finance, also known as spot factoring or single invoice finance, is a flexible way for businesses to unlock cash tied up in unpaid invoices. Unlike traditional invoice factoring or discounting, you don’t have to sell your entire sales ledger.
With selective invoice finance, there are no long-term commitments. You can simply choose individual invoices to finance when you need a cash boost. This makes it ideal for businesses with fluctuating cash flow or seasonal sales.
By accessing up to 95% of an invoice’s value immediately, you can speed up payments, pay bills, cover payroll, or fund new projects. This flexibility can help your business grow and thrive.
Get up to 95% of your invoice value
Unlock up to 95% of your invoice value instantly through selective financing.
Get funding in 24 hours
Receive funds in your account within 24 hours of approval.
No long term contracts
No long-term contracts or ongoing fees. It's pay-as-you-go, so you only pay for what you use.
Sell invoices one at a time or in larger quantities
Need funding for a single invoice or a group of them? Selective invoice finance can provide the cash you need, one transaction at a time.
Boost cash flow
Access your money instantly with Positive Cash Flow Finance. No more waiting for clients to pay.
Hassle-free payments
Streamline your business with automated sales ledger and debt collection.
Can you explain how selective invoice finance works?
Setting up selective invoice finance is a breeze. Just pick the invoice you want to sell to the factoring company. They'll quickly give you a portion of the payment right away. Once your customer pays the factoring company, you'll receive the rest, minus their fees.
Selective invoice finance offers a lot of flexibility. You don't have to sign any long-term contracts or pay high fees. It's perfect for businesses that need a quick cash injection now and then.
5 Step process
Getting faster payments on your invoices is easy with a selective finance solution.
1
Invoice your clients as usual
Continue to transact with business customers as per usual practices, issuing invoices with a 30 to 90-day payment period.
2
Choose invoices to sell
Once you’ve set up selective invoice financing, you can pick one or more invoices to get quick cash for. The financier will essentially purchase the debt owed by your customers, as long as it’s within the agreed credit terms.
Are you planning to sell multiple invoices regularly? If so, you might want to consider invoice factoring or discounting, which can be more cost-effective per invoice.
3
Receive up to 95% upfront
Accelerate your cash flow with 95% invoice advances in 24 hours.
4
Customer pays the invoice
Upon invoice maturity, your client will remit payment directly to the invoice finance provider's account. Depending on your chosen facility, the provider can assume responsibility for sales ledger management, credit control, and customer payment follow-up, or you may retain these functions.
5
Receive final balance
You’ll then get the remaining balance, less any fees and charges.
Is my business eligible for selective invoice financing?
Selective invoice finance is perfect for small businesses of all kinds, from startups to sole traders, as long as they sell goods or services to other companies. Unlike other invoice finance options, there’s no minimum trading term or turnover requirement to consider.
How much does selective invoice finance typically cost?
Selective invoice finance is similar to traditional factoring. While fees can vary, they’re often a percentage of the total invoice amount. The best part? You’re not locked into factoring every invoice. You can pick and choose, giving you complete control over your cash flow.
Discount Fee
This is the borrowing cost, calculated as a percentage of the invoice value.
Wondering how single, selective, or spot factoring can benefit your business?
Selective invoice financing is a fantastic choice for smaller businesses that only occasionally need to convert customer invoices into cash.
All businesses, big or small, face periods of tight cash flow. Spot factoring can be a lifesaver during these times, providing a quick injection of cash. Selective finance is also perfect for businesses that need to free up funds from a large invoice to take on new projects, ensuring steady growth and development.
The flexibility to access single invoice finance gives businesses the power to navigate financial challenges with ease. No business should be held back by waiting for overdue payments. With selective invoice finance, this is no longer a problem! Having an on-demand facility like this brings peace of mind to your financial situation.
Imagine this: You’ve sent a £50,000 invoice to a client, but payment isn’t due for 90 days. If you have unexpected bills or delayed payments from other customers, you could face a cash crunch. With selective invoice finance, you can bridge that gap and keep your business running smoothly. Pay salaries, rent, bills, or hire new staff – whatever you need, this simple finance solution can help.
No long-term commitments Rapid cash flow improvement Suitable for businesses of all sizes No minimum turnover requirement Raise invoices on an as-needed basis
Gain instant control over your cash flow
At Positive Cash Flow Finance, we help small businesses across the UK access the funding they need. We specialize in connecting businesses with selective, single, and spot factoring agreements. By working with a variety of lenders, we aim to make finance more accessible for as many businesses as possible. We provide clear and honest information to help business owners make smart decisions that will fuel their growth.
Best of all, our service is completely free! We only work with reputable UK lenders, so you can trust us to find the best selective invoice finance deals for your business.
- Streamlined Application Process: Quick and easy to set up.
- Enhanced Cash Flow: Improve your financial liquidity.
- Transparent Fees: Simple and straightforward pricing.
Invoice Finance Frequently Asked Questions
Is it possible to select more than one invoice to sell?
Absolutely! You can sell individual invoices or a group of invoices to a selective invoice factoring company. This flexible option allows you to choose exactly how many invoices you want to sell. Once you’ve sold an invoice, there’s no pressure to sell more. You’re in complete control of your credit facility.
Are selective invoice finance, spot factoring, and single invoice finance the same thing?
Yes, that’s right. Selective invoice finance is also known as spot factoring or single invoice finance. These terms all refer to the same thing: you can choose a specific invoice to sell individually, without needing a long-term agreement.
Can I manage my own credit control with selective invoice finance?
It’s understandable if you don’t want to give up credit control to your selective invoice finance company. After all, you’ve built strong relationships with your customers and want to keep them.
While some spot factoring companies will let you keep control of credit, others will want to directly collect payment from your customers.
What does it mean by selective invoice discounting?
Selective invoice discounting lets businesses get early payments for individual invoices. Unlike spot factoring, the business still handles chasing and collecting payments from customers.
This confidential financing option is ideal for businesses that want to keep control over their credit and collections process.
What's the point of comparing selective invoice finance companies?
When you need business financing, it’s crucial to shop around and compare different providers to get the best deal. This is especially important for selective invoice financing, as it often comes with higher fees and extra costs.
We know that comparing different finance providers can be time-consuming, and time is precious for busy business owners. With Positive Cash Flow Finance, you don’t have to worry about the research. We’ll do the hard work of finding the best rates for you. Simply apply today!
Do selective invoice finance providers run credit checks?
Typically, a selective invoice financing company skips the credit check on your business. Instead, they focus on your customers. They’ll check their creditworthiness to assess the risk of late or unpaid invoices.