Commercial BankingInvoice Finance

How can your business benefit from Invoice Finance?

• Improved cashflow – up to 90% of invoice values paid by the next working day
• Flexible finance – Invoice Finance grows with your business so there's no need to keep increasing your borrowing facilities
• Manage risk – help reduce current debtor levels
• Avoid the hidden costs associated with providing extended credit to your customers.

Choose the right Invoice Finance product for your company

Business Invoice Factoring

• HSBC Invoice Finance sensitively manages your credit control and sales ledger and collects payment from your customers
• We advance up to 90% of the invoice value by the next working day, then HSBC Invoice Finance collects the debt
• You receive the balance (less any charges) once your customer pays.

Invoice Discounting

• We advance up to 90% of the invoice value by the next working day
• Your business then manages the debt collection and credit control.
• You receive the balance (less any charges) once your customer pays.

International Invoice Finance

• Releases cash from your export invoices as soon as they are issued
• Our International Invoice Finance team can speak to your customers in a range of foreign languages.

Credit Management Service

• Running an effective credit control function demands staff time and business resources, both of which could be more profitably employed. This is why so many businesses are now choosing the convenience and cost–effectiveness of outsourcing their collections through us
• Our Credit Management Service helps by providing a professional and experienced team to chase and process your invoice payments
• You simply send out your invoices as usual, notifying us at the same time
• Our team then collects the payments on your behalf and you can track the progress online.

Credit Protection Service

• Protect your business against late or bad payers
• Typically, a business operating on trade credit terms might expect to write off the value of 1% of annual turnover – that's £10,000 on a turnover of £1 million.

How it works

• If an undisputed and credit protected invoice is unpaid for more than 120 days after its due date, or if your customer's business fails, we pay you any outstanding balance due, up to the set value of the credit protection limit
• There are no lengthy claims procedures and no legal fees for recovery of undisputed credit protected invoices.

Is Invoice Finance right for your business?

As a general guide, Invoice Finance is suitable if:

• You sell to other businesses on credit terms
• Your projected business turnover is over £100,000 (to qualify for Business Invoice Factoring). This also includes new business start ups.

Invoice Finance is available to both existing HSBC and non-HSBC business customers.