Invoice Discounting and Financing
We go further to help support businesses
Clydesdale Bank can provide immediate access to cash tied up in working capital to ensure your business plans stay on track. Whereas most Invoice Finance terms allow you to access up to 90% of your owed sales, we can go further. Our Confidential Invoice Discounting facility can allow you real time access to up to 100% of your debtors.*
*Funds are available immediately when invoices are raised in Sterling, notified to us through Invoice Finance Direct by 4pm and drawn to a Clydesdale Bank or Yorkshire Bank trading account. Minimum amount £50,000. The maximum funding limit will depend on your individual circumstances and will be reviewed by your relationship manager. Terms and conditions apply. All facilities are subject to status and eligibility. Applicants must be 18 or over.
Why consider Invoice Discounting?
When looking for sources of finance for a business, Confidential Invoice Discounting is an attractive option. It offers a flexible solution for companies who want to strengthen their cash flow by releasing cash tied up in unpaid invoices, typically one of the biggest untapped assets in business, without having to give up control of customer relationships or credit control processes. By accessing the value in your invoices before you receive payment from your customers you can shorten the payment cycle, helping your business keep its finances moving. It will also help to maintain operating cash flow through fluctuating trading cycles whilst waiting for payment from customers with longer payment terms or those who pay late.
Who is it for?
Invoice Discounting is well suited to most companies that trade on credit, have overheads, are currently growing, have plans to expand, or are restructuring to position themselves for growth. By releasing your working capital at a time when you need it most it allows you to focus on growing your business and making it a success.
What are the benefits?
- A flexible solution that mirrors the trading cycle of your business
- Release the cash locked up in your sales ledger, one of your most significant business assets
- Typically the only security that is required is your sales ledger
- Gives access to working capital which could help accelerate growth
- Accelerated cash flow to help take away some of the worry of late payments
- Enhance supplier relationships by paying earlier in return for greater discounts
- Optional credit protection to protect against the risk of non-payment (fees apply)
- Your customers won’t know and you keep control of your customer relationships and credit control
Common misconceptions
- Only failing businesses use this service
- It’s just a last resort to support cash flow
- It’s too complicated
How access to Invoice Discounting could help you:
- Secure orders at home or abroad
- Better management of day-to-day cash flow
- Invest in new staff and equipment
- Negotiate supplier discounts
- Handle unexpected orders
- Reduce the cash worry of late customer payments
Get in touch
Enquiring about our Confidential Invoice Discounting service couldn’t be easier
Monday to Friday, 9am – 5pm
Enquire online
Submit an invoice finance enquiry online
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Find your nearest branch or private banking centre
Typical cash flow life cycle
- Stage 1 - Sale of goods or services
- Stage 2 - You raise your customer invoice
- Stage 3 - Customer pays invoice and cash becomes available
Invoice Finance supported cash flow life cycle
- Stage 1 - Sale of goods or services
- Stage 2 - You raise your customer invoice
- Stage 3 - You notify us of the invoice and immediate funds are available. You can draw funds when you need them
- Stage 4 - Customer pays invoice
Why choose us?
We can lend up to the full value of your receivables immediately* whereas normally you may only get up to 90% within 24 hours. That is reason enough to get in touch, but there are other advantages in a facility from Clydesdale Bank.
You will have full control of your facility through access to Invoice Finance Direct. This is a secure interactive portal that allows you to manage your facility. It’s a fast effective, confidential service providing you with full control for uploading invoices, viewing balances, drawing funds and notifying receipts. Log in.
We’re upfront about our business friendly terms and have clear and transparent competitive pricing. You’ll also have dedicated support from an Invoice Finance specialist who will also work with other specialists from across the bank to deliver tailored solutions, support and advice.
We offer an optional Credit Protection service which safeguards against bad debtors (fees apply). This can mean the difference between profit and loss for your own business and protects your cash flow against someone else’s financial failure.
We offer a full range of other banking solutions, including asset finance, merchant services, trade finance and treasury services, all designed to help you manage your working capital needs, whatever they might be. Ask how we can help.
* Funds are available immediately when invoices are raised in Sterling, notified to us through Invoice Finance Direct by 4pm and drawn to a Clydesdale Bank or Yorkshire Bank trading account.
Success Stories
Iconic lamp design firm, Anglepoise, is poised for global growth as a result of the bank's strategic advice and innovative, end-to-end funding package.
Important information
Interest calculated daily against the funds utilised and applied to account monthly. Standard charges apply but may be individually negotiated – please speak to your relationship manager for more details or a copy of the Invoice Finance tariff.
You can find impartial information and guidance on money matters on the “Money advice service” website.
Clydesdale Bank is covered by the Financial Services Compensation Scheme (FSCS), Find out more.