Factoring and Invoice Discounting for SME's

Up to 95% of your invoice values on the same day!

6 key benefits
for your business

Access to working capital immediately Using invoice finance allows you to generate cash immediately for your business, maximising your cash flow and enabling you to secure early settlement discounts where available.

Finance geared to maximise growth Funding is linked to your sales which means your facility will grow as your business grows without the need to refer back to "your bankers".

Outsourced credit and collections process Using their experience, expertise and manpower, SMEif collects your debts in a timely, professional, and cost effective manner.

Save valuable time You are free to use your valuable time and resource on other vital areas of the business.

Dedicated team support SMEif provides you with a dedicated account manager who becomes your personal contact on all matters. You also have direct access to the Directors if you need to speak to them at any time.

Online management of your account SMEif online facilities mean that you can view your account over a secure personalised internet link, accessing up to the minute information 24 hours a day.

It had become clear that a bank overdraft was no longer capable of supporting our rapid rate of expansion. Now we deal with SME Invoice Finance, we are pleased to no longer have to go 'cap in hand' to the bank to renegotiate our facility limits. The decision to replace the bank overdraft with factoring was an important step on our road to growth. SME Invoice Finance provides full ledger management and collections services. The service is extremely useful. We do not have to go to the expense of creating a specialist in-house department just to chase our own debts. SME Invoice Finance provides our company with an £80,000 factoring facility based on an 80% prepayment against invoice values.

Len and Dave, Recruitment Company, Manchester

o you want to grow your business fast and keep your cash flow going? Is there a more flexible alternative to bank finance? Who can you find to support you in the tough times as well as the good? These are some of the common challenges facing most owner-manager entrepreneurs running businesses in the UK today. Increasingly, businesses find that using an invoice finance facility from SME Invoice Finance (SMEif) either with or without full sales ledger management, can offer the ideal solution!

What is Factoring?

Factoring provides your business with accelerated cash flow by converting your sales ledger into cash immediately. At the same time, the factor assumes full responsibility for managing your credit control & collections process allowing you more time and freedom to drive your business forward.

What is Invoice Discounting?

Invoice Discounting works in the same way as factoring, providing cash immediately against your sales ledger. However, with Invoice Discounting, the process is confidential (ie your customers remain completely unaware of the arrangements) and you retain full responsibility for chasing & collecting your own debts.

Factoring & Invoice Discounting process :

You supply goods or services to your customers.

You send invoices on or after delivery in the normal way.

You forward a copy of your invoice to SMEif.

SMEif advance cash against your invoice at the agreed prepayment rate (typically up to 95% of face value).

If you are invoice discounting, you collect payments from your debtors & repay the advances to SMEif out of cash collected.

If you have a full factoring service, SMEif sends out regular statements to your customers and chase payment on your behalf.

SMEif collects cash and allocates debtor payments against your sales ledger.

When cash is collected, the advance made by SMEif is repaid along with charges and the balance is available for you to draw.

Free your business finances with up to 95% of your invoice values on the same day !

Find out why decision makers use SME Invoice Finance

Customer loyalty is important to SME Invoice Finance and everything is done to ensure a long-term business relationship with its customers.

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1% over base rate Yr1 / 1.9% Yr2 *

Main benefits: A factoring and invoice discounting solution for the UK with online management of your account. Get instant access to your sales ledger and gain control over your cash flow with a factoring company in the UK. Invoice financing service includes debt collection.

* 2 years deal option: 1st year: 1% bank base rate for cost of funds / 2nd year: 1.9% over bank base rate

Key figures

Creation year : 2000
Companeo Agreed Supplier since20/09/06
Turnover : K£ 35000
Staff : 40

Geographical coverage

United Kingdom

Presentation of SME Invoice Finance Limited
SME Invoice Finance Limited ("SMEif") is a specialist invoice discounting company.

Activity
SMEif has opened up the world of Factoring and Invoice Discounting, which previously has only been available to larger established companies. Now regardless of your turnover, number of employees or years trading, SMEif will provide a personal service, with a dedicated account manager who will help structure the best possible invoice discounting facilities and cash flow management to meet your business needs.

References:
A member of the FDA, Factors & Discounters Association
Main clients
Clients range from a surveillance and security company in Surrey, recruitment company in Manchester, a family run fencing manufacturer in North Wales, to an engineering company in Staffordshire. These are just a few of the types of companies SMEif successfully works with.