Single Invoice Finance

What is Single Invoice Finance?

Whilst traditional invoice finance facilities advance funding against the value of the entire sales ledger, single invoice finance, such as spot factoring and selective invoice discounting, allows you to release cash from individual invoices.

With up to 90% of the invoice’s value advanced inside 24 hours, it provides a fast and effective way to access funding. It is particularly suitable for businesses with no long-term funding requirement and raise invoices with a high value or long credit terms, which could cause a temporary cash flow shortfall.

Voted Invoice Finance Broker of the Year at the Business Moneyfacts Awards in 2018, 2020 and 2022, we have all the experience and expertise to introduce your business to the most suitable invoice finance option on the market. Either call 0800 9774833 or request a call back to speak to one of our experts.

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Single invoice finance, spot factoring and selective invoice discounting: What’s the difference?

Single invoice finance actually covers several different finance options. Single invoice factoring, or spot factoring, generally means that the factoring company you have chosen will assume responsibility for collecting the invoice. This is great for teams that don’t have the time or resource to chase clients for payment.

Selective invoice discounting works in a similar way, but you will retain total control of your sales ledger. This will mean you collect payment from clients yourself, which may help you maintain your client relationships.

The terms can often be used interchangeably, so if you’re unsure which finance facility is best for you, call our team on 0800 9774833 to talk through your options.