Single Invoice Finance | Spot Factoring

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Description
Examples

Single Invoice Finance

Are you looking to improve your cash flow? Have you considered factoring but don't want to use a factoring service or outsource your credit control? Then Single Invoice Finance could be just the service you need.

Single Invoice Finance is a relatively new service but it is one that all companies can consider. With Single Invoice Finance you can get one-off factoring (or finance) against a few customer invoices or only one invoice.

Is my business suitable for Single Invoice Finance?

Single Invoice Finance is ideal when you want to raise finance against one or two customers and not your whole sales ledger. It could be ideal for businesses that experience seasonality providing valuable funds to smooth cashflow though peak demand.

Single Invoice Finance provides significant cashflow flexibility making it a highly popular finance solution. Additionally it can work in conjunction with you other banking or credit facilities e.g. overdraft, loan etc. However it's not suitable for you if you already have a factoring facility.

What are the benefits of Single Invoice Finance

A Single Invoice Finance service is less intrusive than a full factoring service would be and the finance company's less controlling. Your business has much more flexibility using the single invoice finance service when you choose and deciding which invoices to factor and at all times you remain in control of your credit collection. Generally there are no lock-in clauses in a single invoice finance contract so you're free to stop using the service at any time. Yet you can still get funds paid to you up to 95% of the invoice value.

Single Invoice Factoring is a confidential service so your customers remain unaware that you're using the service. You keep the relationship with your customer and collection of monies due remains in your control and your responsibility.

As with other factoring services the factoring company uses your invoice as the asset and you do not need to provide other forms of security. Your business receives a cash injection by simply selling credit-worthy invoices to the single invoice finance company.

The Single invoice Finance company will consider the creditworthiness of your customers before agreeing to provide funds. Some factoring companies providing this service have a minimum invoice value of £3,000 in order to qualify. Usually each individual invoice is considered a separate transaction but there can be exceptions.

Are there any disadvantages?

If your industry has staged payments or you operate in industries renown for disputed invoices then Single Invoice Finance is best avoided. The facility is not going to be suitable for you if your customers are deemed to be of a poor quality or have bad credit ratings.

Examples

Region	Title	Description
London	Single Invoice Finance	Single Invoice Finance Quotes. Verification Notes: A coach company are looking for single invoice finance for some of its business customers. The coach company have around 130 customers with 75-80 schools. They would like to have a single invoice finance facility (or possibly factoring) for these customers. Invoice sizes range from c£290 to £1530 and many times a school will have 4 or 5 invoices at any one time.
London	Single Invoice Finance London	Interested to see how single invoice finance could work for financing new venture. Verification Notes: Buyer is interested to see how single invoice finance could help establish a new jewellery brand. The company that is setting this venture up has been in business since 1981. The jewellery brand is new and recently signed their first customer - The British Museum. Target customers are high end retailers such as Harrods, Harvey Nichol, Selfridges etc. Invoices will vary from £1000 to £4-5,000 per order. The business expects client revenues to average £100k p.a. per client. In the past they have used high net worth individuals to fund growth of other ventures but are looking at Single Invoice Finance to see how this solution could benefit them.
South East Region (SE)	Single Invoice Finance Proposal	Single Invoice Finance Quotes please. Looking to use single invoice finance as an alternative to a full invoice factoring facility. Verification notes: Single Invoice Finance proposal required for a marketing company. The company turnover will be in the region of £500,000. The business has had an offer, for invoice finance, on the table from Skipton Business Finance but at the last minute Skipton made some changes to the draw down percentages. Consequently the invoice factoring deal no longer works for this company. They are aware of Single Invoice Finance but have not discussed it with anyone and feel that the flexibility provided by single invoice finance would be a better option for them. Their own bank HSBC has approached them for factoring but they feel they don’t need a full factoring service. They have recently issued one invoice for £40k to a major Insurance brand which they would like to discuss with a single invoice finance supplier and there will be a second invoice in about 3 months for approx £80k again to this insurance company. In future they would be looking at perhaps 1 or 2 invoices per month with a minimum value of C£10k each. They have a total of 22 clients. Approximately 6 of these account for two thirds of their turnover and these are the clients they would like to factor. These include 2 Charities, the major insurance company, 1 major health screening company, a mail order company and an agency.
South West	Single Invoice Finance Quotes	Quote for Single Invoice Finance arrangement please. Verification Notes: Single Invoice Finance prices and/or options are required for a signage and electronic display company that works with a large number of blue-chip companies from PLC's to Government. Projects include Severn Bridge and M6 Motorway. The business turnover is c£1.5 million and they would like to look at single invoice finance for 2-3 invoices a month. The payment terms they use are contractual and generally are as follows - a payment due on signature of contract, next payment invoiced a month later with final payment after work is completed. The final invoice is only issued after work has signed off. No invoices are issued pending a sign-off of work completed or that have not been contractually agreed.
South East Region (SE)	Single Invoice Finance Surrey	Loan of £200,000 payable over two years Verification notes: The buyer IS interested in Single Invoice Finance. They have a concern about their short term cash flow requirements for the next 3-mths in particular - hence considering a loan. They have c£350k on their sales ledger - they now understand that Single invoice Finance can not help with this but they are interested to have finance for future invoices. They work with large Primary Care Trusts, hospitals, blue-chip building contractors etc. Work is invoiced after sign-off and there are no stage payments. The business currently has no loans or overdraft.

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