Find out how much of your unpaid invoice could be released upfront. Enter the invoice value, advance rate and service fee to see an illustrative breakdown.
Calculations are indicative only and intended as a guide only. The figures calculated are not a statement of the actual repayments that will be charged on any loan agreement.
Advance amount to you
£0
Service fee
£0
Once the invoice is paid, you'll receive
£0
The calculator shows three figures:
The calculation does not include the discount charge or any additional lender fees, so it should not be treated as the full cost of invoice finance.
Invoice finance allows your business to access money tied up in unpaid customer invoices.
A lender releases an agreed percentage of an eligible invoice upfront. When your customer pays, the remaining balance is released after the lender’s fees and charges have been deducted.
This can give your business access to working capital without waiting for customers to reach the end of their payment terms.
There are two main types of invoice finance.
The finance provider usually manages your sales ledger and collects payment from your customers. Your customers will normally know that a finance provider is involved.
You continue to manage your own sales ledger and customer payments. Some invoice discounting facilities can operate confidentially.
The right option will depend on your business and how much control you want to retain over collections.
Invoice finance is commonly used by businesses that:
Each lender has its own eligibility criteria. It may consider your trading history, turnover, customers, invoice values and the overall quality of your sales ledger.
A calculator can provide an illustration, but it cannot tell you which lender or facility will be right for your business.
Phoenix Commercial Finance can review your requirements and introduce you to suitable invoice finance providers from its lender panel.
Discuss your funding options whatsappPhoenix Commercial Finance is a commercial finance broker, not a lender. All applications are subject to the lender’s assessment and approval.
This depends on the invoice value, the lender’s advance rate and whether the invoice is eligible for funding. Enter an example advance rate into the calculator to see an illustrative amount.
No. It calculates an illustrative service fee but does not include the discount charge, minimum fees or other charges that a lender may apply.
The advance rate is the percentage of an eligible invoice that a lender is prepared to release upfront.
The service fee covers the administration and operation of the invoice finance facility. How it is calculated varies between lenders.
With factoring, customers will normally know because the provider collects payment. Some invoice discounting facilities can operate confidentially.
This depends on the terms of the facility. With a recourse arrangement, your business may need to repay or replace the advance. Some facilities offer credit protection, subject to conditions and exclusions.
No. Phoenix Commercial Finance is a commercial finance broker. We introduce businesses to third-party lenders but do not make lending decisions.
No. Using the calculator does not submit an application or run a credit search.