Selective Invoice Finance

What is Selective Invoice Finance?

Selective invoice finance, also known as single or spot factoring, enables you to sell individual unpaid invoices at a discount to release funds as working capital for your business. Rather than waiting to be paid up to 90 days (120 days in some cases can be considered) for your payment of products and services you have delivered, a percentage of the funds can be made available so you can manage your cash flow and get on with running your business effectively.

Unlike invoice factoring and invoice discounting, the business does not have to sell its entire sales ledger. You can access funds as and when your business requires an injection of cash, by using the facility on an invoice-to-invoice basis.

Choosing to factor an individual invoice does not require you to relinquish control of your customer relationships.