For small to medium-sized business owners, managing cash flow and securing timely payments for invoices is often a primary concern. With invoice financing from Co-Pilot Finance & Insurance, you can alleviate these pressures and bolster cash flow to support your operations.
Understanding Invoice Financing
Invoice financing, also recognised as accounts receivable financing, is an asset-based financing approach. It allows businesses to use their outstanding invoices to secure an advance on capital. Typically, through invoice financing, your business can access up to 85% of your invoices’ value upfront. The remaining 15%, minus any associated fees, is received once your clients settle their invoices.
This financing method is particularly advantageous for B2B and service-based enterprises. It’s generally more accessible than other small business financing options because the invoices themselves serve as collateral. In addition, it addresses cash flow challenges effectively, especially when your clients delay payments or pay their invoices late.
Benefits of Invoice Financing
Here are the advantages of invoice financing and how it can streamline your business operations:
- Immediate Access to Working Capital: Unlock funds quickly to keep your business moving forward.
- Mitigation of Cash Flow Issues: Address financial disruptions linked to outstanding invoices.
- Ease of Access: Enjoy simpler qualification criteria compared to other financing methods.
- Security: Leverage B2B invoices as collateral to secure funding.
Our team at Co-Pilot Finance & Insurance is equipped and eager to help your business navigate its financial pathways. Whether it’s discussing invoice financing or exploring other suitable business loan options, contact us today to set up a consultation.
George Dib is a trusted leader in asset finance and general insurance, with extensive experience in helping agencies and business owners succeed. As Co-Founder of Co-Pilot, George is driven by a vision to simplify complex financial and insurance processes, making them more accessible and effective for businesses. His expertise is central to empowering agencies to grow sustainable operations while delivering real value to their clients. George’s focus is on creating a unified approach by integrating Business Finance and Insurance into a single offering for Co-Pilot agencies. By equipping agents with the right tools, training, and support, George ensures they can build strong, sustainable businesses that stand out in the market.
