The Business Bureau is an independent commercial finance broker set up by Simon Button in 2009, having spent more than 25 years working in the business finance sector.
Single invoice finance is a short-term finance tool that provides finance against the purchase of one or more invoices. You can choose to sell either individual or multiple invoices.
Factoring/invoice discounting works over a longer-term agreement. Here the invoice financier provides finance against the purchases of a company’s full sales ledger. A factoring company will also carry out a company’s invoice collections.
When you have an order that could be larger than your normal orders, or comes at a time when cashflow is tight, we can help you fund the purchase of the stock for that order, or even if you simply want to increase your stock levels.
This might allow you to get better terms from your supplier and enable you to take on bigger orders in the future and supply your customers quicker.
This can be done independently of any Invoice Finance facility, or in conjunction with your existing facilities.
Asset Finance is finance for your business when it is buying capital items such as cars, lorries, machines – well almost anything.
We work with finance companies that specialise in providing various way of helping you finance the items you need, over an agreed period of time.
They can either work within a budget or a repayment schedule.
Single invoice finance, selective invoice finance and spot factoring are all one and the same product.
Like a standard invoice finance facility, when you raise an invoice you send one copy to your client and one copy to the finance company. Upon receipt of your invoice, the finance company will provide you with up to 95% of the value of the invoice within 24 hours.
When your customer pays your invoice, the finance company will immediately pay you the outstanding balance.
It’s as simple as that!
Some finance companies do have restrictions with Industry sectors, but with our experience we know exactly the right finance companies to speak to for all business sectors.