Invoice Finance-it allows businesses to find funds to cover invoice payments easier and faster than before by using their own unpaid invoices as collateral.
Invoice finance is a great way to access capital where you use unpaid invoices as security against funding, very similar to a loan.
This type of finance is extremely flexible as you don’t need to make any repayments until your invoice has been paid by your client.
Invoice Finance-it is powered by Swoop and allows you to borrow up to 95% of the value of your unpaid invoices to a maximum of £5 million.
Getting a quote for borrowing against your unpaid invoices couldn’t be easier!
Select the invoices you’d like to borrow against in Know-it and you’ll be taken to our own Swoop portal where you’ll get a free quote.
Invoice Finance-it uses invoice discounting
This means you are responsible for recovering your unpaid invoice in order to repay your loan.
Payment is made into a trust account controlled by Swoop, however your client would believe payment is being made directly to you. Then Swoop will issue funds minus their fee back to you seamlessly.
If you have anymore questions, do not hesitate to reach out directly to our partner Swoop.
