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Invoice finance

Invoice finance releases most of the value of your unpaid invoices within days of raising them. Factoring includes credit control; discounting lets you keep collecting from customers yourself, confidentially.

Get paid now, not in 60 days

Apply for invoice financeSpeak to our team
Check your eligibilityStep 1 of 5
How much funding do you need?

A best guess is fine. You can change it with your finance manager.

£10K£1M
How long have you been trading?
What's your average monthly turnover?

Total money coming into your business account in a typical month.

What type of business is it?
Where should we reach you?

We'll use this only for your application.

Invoice finance at a glance
AmountFacility linked to your sales ledger
TermRolling facility
SpeedAdvances typically within 24 hours of submitting an invoice, once live
PaymentsSettled when your customer pays, less an agreed fee
Best forB2B firms on 30 to 90 day payment terms

What businesses use it for

  • Cover payroll between large customer payments
  • Take on a bigger contract with confidence
  • Bridge long payment terms from large corporates or the public sector
  • Pay suppliers promptly and protect your terms
  • Reduce reliance on an overdraft

How does invoice finance work?

  1. 1

    Apply and share your aged debtors report. We assess the quality of your customers as much as your own business.

  2. 2

    Choose factoring, where we manage collections for you, or invoice discounting, where you keep control and customers need not know.

  3. 3

    Raise an invoice as normal and upload it. We advance an agreed percentage of its value, usually within 24 hours.

  4. 4

    When your customer pays, you receive the balance, minus a fee agreed at the outset.

Why choose Rook Bristol for invoice finance?

Cash that's already earned

Turn completed work into working capital now, rather than waiting on 30, 60 or 90 day terms.

Grows with your sales

The more you invoice, the more funding is available, so the facility keeps pace as you win work.

Your customers' strength counts

Decisions lean on who owes you money, which helps younger businesses with strong clients.

Confidential options

With invoice discounting you collect payments yourself, and your customers deal with you as usual.

Invoice finance by industry

Related funding

Invoice finance questions

Something else on your mind? Ask the team.

What is invoice finance?
Invoice finance lets you borrow against money your customers owe you. You receive an advance on unpaid invoices, then the balance, less fees, once the customer pays.
What's the difference between factoring and invoice discounting?
With factoring, the finance provider manages your sales ledger and collects payment from your customers. With invoice discounting, you keep running credit control and collections yourself, and the arrangement can be confidential.
Will my customers know?
With factoring, yes, because payments are made to the finance provider. With confidential invoice discounting, customers usually won't be aware and continue to pay you as normal.
How much of each invoice can I receive?
The advance is an agreed percentage of each invoice's value, set according to your sector, customer base and collection history. Your finance team confirms the figure before you sign.
What happens if a customer doesn't pay?
Standard facilities are with recourse, which means unpaid invoices come back to your business after an agreed period. Your team will explain how this works and whether bad-debt protection is available.
Which businesses is it suited to?
Businesses that invoice other businesses or public bodies on credit terms, such as manufacturers, wholesalers, recruitment agencies, construction firms, IT services and professional services.

Ready to see your invoice finance offer?

Businesses, brokers and introducers: check eligibility in about three minutes, or talk to our team about working together.

Apply nowContact our team