Your people are your costs. Your invoices are your cash.
IT firms, consultancies and agencies pay salaries every month and wait 30 to 60 days for clients. With no stock or machinery, banks often have nothing to lend against. Your invoices are the asset, and invoice finance turns them into cash.
- Funding against retainers and completed project invoices
- No property or equipment needed as security
- Can be kept confidential from clients
Profitable on paper, short on payday.
Your invoices are an asset. Invoice finance lends against them.
Most of each invoice comes in within a day or so of raising it.
Funding grows as you bill more, so new work helps fund the hires.
How invoice finance works for IT and professional services
Do the work
Invoice retainers and completed work as normal.
Share the invoice
Many funders connect to Xero, QuickBooks or Sage.
Cash in a day or so
Typically 75 to 90% of the invoice value.
Client pays
You receive the balance, minus fees.
What’s different about funding a service business
Completed work
Funders lend against work that’s been delivered and invoiced, not on future months of a contract.
Retainers
Monthly retainers for work already done can usually be funded. Billing in advance is harder.
Milestones
Project milestone invoices can be funded once signed off by the client.
Recurring revenue
Subscription businesses billed in advance may suit other products better. Your specialist will explain.
Is invoice finance right for your business?
Usually a good fit
- IT services, MSPs, consultancies, agencies and outsourcing firms
- Business clients on credit terms
- Clear contracts or statements of work
- Limited company or LLP
Harder to fund
- Billing mostly in advance
- Work often disputed or re-scoped
- One client making up nearly all your revenue
Not sure? That's what the call is for. If it isn't the right fit, your specialist will tell you and suggest what might work instead.
What happens after you enquire
Two minutes online
A few questions. We find your company on Companies House as you type.
A text from us
Straight away, with the name of the specialist who'll call you.
A short call
Usually within a working day. About 15 minutes on how your business trades.
Options in plain English
What is available, the full cost in pounds, and what they would need.
You decide
No obligation. Saying "not right now" is fine.
Questions from IT and professional services businesses
Yes. Invoice finance lends against what your clients owe you, which is why it suits service businesses.
Get paid for work you’ve already done.
Two minutes. Free. No hard credit check. One specialist, not ten calls.