Ultimate Finance Invoice Financing

  • We have teamed up with Touch Financial to help you find the right invoice financing for your business
  • Compare invoice financing from Ultimate 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.

Ultimate Finance Invoice Financing FAQs

What is Ultimate Finance invoice financing?

Businesses use Ultimate Finance invoice financing as a means to borrow money when cash flow is scarce, but they need to secure finance over a short period of time. They do so through invoice financing by leveraging the value of invoices.

What can I do with the cash flow generated by invoice financing?

You can use the money you receive from the provider (minus any fees) to spend on much-needed investments. That can mean purchasing stock, investing in personnel or equipment.

Is invoice financing a solution to late payment?

Yes, invoice financing Ultimate Finance and other lenders offer can be a useful solution to the rising levels of late payments afflicting a number of businesses across the UK. This is because you don’t have to have received the invoices before you’re able to leverage them in order to generate cash flow from a lender.

Where can I compare invoice financing facilities?

Touch Financial is a useful platform for comparing the invoice financing Ultimate Finance provides with that of its competitors. Follow the directions above above and one of their specialist consultants will help you determine which provider is the most suitable match for your requirements.

How quickly can I secure finances with invoice financing?

It depends on the lender you opt for, but some can offer up a cash injection in a matter of days, even hours, provided that you have the invoices to borrow against. This fast-paced operation can make invoice financing more attractive than conventional borrowing methods such as business loans.

Can any business ask for invoice financing?

Yes, providers are increasingly marketing invoicing financing products at businesses of all shapes and sizes, whether they be start-ups or established enterprises. That being said, smaller businesses are able to borrow only so much, as their turnover and invoices will be starting from a lower base.

Can I borrow higher sums from invoice financing over time?

Yes, if your business takes off and your invoices grow as turnover rises, you can borrow higher sums through invoice financing. This is because your invoices serve as the collateral for you to borrow against. The more valuable they become, the more you have at your disposal to borrow against.

Is invoice financing risky?

All financial arrangements can carry some form of risk. Risks from invoice financing stem from whether invoices can actually be paid properly. Whether you are ultimately liable for unpaid invoices depends on what you agreed with a provider.

How do I mitigate risk in invoice financing?

If a client is unable to pay their invoices properly, a non-recourse arrangement with your lender ensures that they absorb the risks and associated costs while still allowing you to borrow against the sums you expected to earn. Always be mindful of the terms and conditions set out by your provider.

Can I borrow discreetly with invoice financing?

Yes, invoice discounting is specifically designed to ensure a more discreet way for invoice financing. This is because neither lender nor factoring company or any other kind of third party has to be involved in chasing up on the invoices from clients that you’re borrowing against.

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

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