As one of the UK’s leading providers of finance for SMEs, we understand what running a business is all about. This is why we aim to make the whole process as easy as possible for you. Our selective invoice finance has been designed with simplicity in mind, and is available as and when you need it.
What is selective invoice financing?
Simple, flexible and transparent, our selective invoice finance allows you to release cash into your business on a short-term basis. Rather than wait 30 to 120 days for a payment, you can receive the cash you are owed for single or multiple invoices, helping to aid cash flow. By raising the cash, you can then pay wages or suppliers, and continue the running of your business. With us, you’ll receive funding without complex fees or contracts.
Who is it for?
Invoice financing is available for registered PLC, Limited or LLP organisations that typically have more than £25,000 outstanding on an invoice at any one time. To be eligible, you need to be registered and trading from mainland UK, and invoice businesses for goods and services provided.
What’s the process?
We’ve made sure the process is as easy as possible, allowing you to raise the cash you need in just three simple steps:
- Choose the invoice(s) you would like to fund.
- You’ll then receive up to 80% of the invoice(s) value.
- When your customers pay, we will deduct our fee and you’ll receive the remaining balance.
We only charge a fixed daily rate, which means you only pay for what you use – not what you think you’ll use. This works out better for you if your customer pays earlier than expected.
Why choose Catalyst Finance?
- No hidden, ongoing or start-up fees – just one agreed daily rate.
- You only pay for what you use – not what you think you’ll use.
- We’ll happily work alongside other providers, complementing your existing arrangements.
- We review each business on an individual basis – so the funding suits you.
- We’re real people, not computers! We’ll get to know your business so we can provide the best funding option for you, at the right price.
What sets us apart from other business finance companies is our understanding of the challenges faced by SMEs. As business owners we know what running a business is all about, that’s why we have made all our products as simple and easy to use as possible. From financing a single invoice to multiple invoices, our aim is to help you achieve the funding you need quickly.
Is my business eligible?
If your company answers yes to all of the below questions then we will be able to help. > Is your company a PLC, Limited Company or LLP? > Do you invoice other businesses for goods or services provided? > Do you offer credit terms to your business customers? > Do you own a home in the UK? > Do you typically have more than £50,000 outstanding on invoice at any one time? > Is your business both registered in and trading from mainland UK (i.e. England, Scotland or Wales)?
Do you offer confidential facilities?
Yes we do offer a confidential facility. Please feel free to ask us whether you qualify.
What happens if the invoice is not paid on time?
If it turns out that your invoice is not paid on time, a member of our team will contact you to remind you that the invoice is due for payment. They will do this just after the original payment date. If it is still outstanding 14 days later we’ll call you to discuss the payment and what steps need to be taken to assist you in getting prompt payment of the invoice. We will continue to keep in touch with you to help find a way to receive payment until the invoice has been paid.
How quickly do I get the money back once the invoice is settled?
We reconcile our accounts every day, so providing we have received the cleared funds we will normally return the balance less our charges on the same day.
Is my customer aware of your involvement?
Unless it’s a confidential facility then yes. It is however really easy - we provide a few simple words that you to add to your invoice before you send it to your customer.
Do you conduct the credit control for the invoice?
No, you retain complete control. This is your relationship and you know your customer best and we wouldn’t want to jeopardise that in any way.
What happens if my customer fails or doesn’t pay?
Almost all of the invoices we fund are covered by our own bad debt protection policy. Alternatively you may choose to re-purchase the invoice from us and pursue the recovery yourself.
Once I have sent you the invoice how quickly do I get the funds?
We will turn all funding requests around as soon as possible. There are payments made throughout the day so as soon as the invoice is verified the payment will be made on the next payment run.