Phoenix assists corporates who have amounts of money owed to them by purchasers of their goods or by their service providers. Invoice Finance allows our client to be paid early whilst not impacting the cashflow of the business. Funding is advanced by Phoenix to the corporate or SME and Phoenix is repaid (normally directly, but sometimes indirectly) through the collection of the invoices.
The benefits include:
The facility eliminates the 30-120 days waiting period for businesses to receive payment from customers. Funds become available quickly, requiring no assets as collateral, and can be reinvested for growth.
Invoice financing costs depend on several factors, such as: