Apollo Invoice Finance

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  • Compare invoice financing from Apollo Business Finance against other leading providers today
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How invoice financing works

1
The order
Create an invoice for your customer, showing how much is owed to your business and when payment is due.
2
Cash advance
Send a copy of the invoice to a lender to release up to 100% of its value as a cash sum.
3
Repayment
When it is due, the lender receives the payment from the customer. The lender then sends your business any remaining amount on the invoice that wasn't originally financed, after deducting the prearranged fees.

This comparison service is provided by Touch Financial. Touch Financial is a finance broker, not a lender. Not all products offered by Touch Financial are regulated by the Financial Conduct Authority. They compare invoice financing services from a range of different lenders, aiming to find the one that best suits the needs of their business customers. Touch Financial consultants look at the profile of each business, including cash flow, accountancy needs, and any other specific requirements, to match them with the most appropriate invoice finance provider and product. Touch Financial is authorised and regulated by the Financial Conduct Authority (FRN:727220).

Last updated on 12 May 2022.

Apollo Business Finance Invoice Finance FAQ

Who is Apollo Business Finance?

Apollo Business finance is an invoice finance specialist based in Didsbury, Manchester. They focus on lending to small business owners in the manufacturing, service, and haulage and transport industries.

What is invoice financing?

If you’re a business looking to borrow money quickly and time is of the essence, invoice financing allows you to borrow against the amounts of money you earn from customers through invoices.

Is applying for invoice financing a quick process?

One of the benefits of invoice financing with Apollo Business Finance and other similar lenders is that deciding to lend against invoices can be done much quicker, as compared to other forms of finance such as making a formal application or a business loan, which has a number of requirements to meet.

How flexible can invoice finance requirements be?

While conventional loans can offer specific sums to borrow and remain static, the amount you can borrow with invoice financing from Apollo Business Finance can grow in line with sales. Effectively, the more you start to garner in turnover can increase the sums you may be able to borrow over time.

Is there one single type of invoice financing?

No, there are a number of ways you can turn invoices into cash flow for use within your own business. Factoring invoices allow you to sell unpaid invoices to a factoring company, found via your lender, while invoice discounting focuses on borrowing from your lender, using invoices that are outstanding.

What can make invoice financing difficult?

You could face extra costs and be held accountable if invoices can’t be paid at all for some reason, but this depends on whether you signed a resource or non-recourse account with the factor.

What distinguishes factoring from discounting?

Invoice factoring relates to borrowing against unpaid invoices, which you may or may not be accountable to pay. Invoice discounting lets you borrow against outstanding invoices, requiring you to maintain sales ledgers, chase payments and process invoices yourself.

Why do businesses ask for invoice financing?

Businesses often ask for the various forms of invoice financing Apollo Business Finance and similar lenders offer for reasons such as needing cash flow at short notice - to finance investments or make improvements to their businesses, when more conventional forms of borrowing take too long to acquire or prove too costly to attain.

How costly is invoice financing?

The costs of invoice financing depend on the lender you turn to in the first place. Touch Financial is a useful tool, with a trained consultant ready to discuss your situation and put you in touch with a suitable lender, based on the costs you are most capable of being able to afford, and the sums you require. Follow the instructions at the top of the page to start comparing providers with Touch Financial today.

How do I know if invoice financing is right for me?

It’s important to remember that no two businesses are identical - each one comes with its own financial circumstances, its own requirements and a specific level of turnover. As with seeking any business financing product, always compare and contrast the terms lenders offer, to see what you can afford to borrow.

Does invoice financing cost a specific amount?

Just as no two businesses are identical, invoice financing products from lenders can carry varying fees and other costs to factor in. A Touch Financial consultant can help determine the suitability of a prospective lender for you, based on what you can afford, and the fees and costs a lender wishes to charge.

Services offered by this provider may change over time. Always check Ts&Cs.

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