This comparison service is provided by Touch Financial Support Ltd.
Touch Financial is a leading UK invoice finance broker which works to help businesses find the right products for their needs. 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 a trading name of SFP Brokers Limited, authorised and regulated by the Financial Conduct Authority (FRN: 727220). Touch Financial is a broker not a lender.
GapCap Invoice Finance FAQs
Who is GapCap?
GapCap Limited was established in 2014 to provide cashflow solutions to UK SMEs. Positioned as an alternative to traditional bank funding, GapCap offer various types of invoice financing to help businesses maximise working capital.
How does invoice financing work?
Despite allowing you to borrow a sum of money as a business, invoice financing incurs no debt. Instead, you borrow against a percentage of the value of invoices you possess, which you can sell to a third-party factoring company or lender.
Can invoice financing provide cash flow quickly?
Yes, one of the benefits of using GapCap cash flow finance products such as invoice financing is that you’re not taking on new debts, but simply providing invoices, as opposed to loan providers having to check credit scores or other criteria before accepting you for a loan.
Why might I need invoice financing?
You might wish to seek the invoice financing GapCap or other lenders provide, if you wish to make an investment in your business, but existing cash flow is lacking at present. You could use the cash flow from invoice financing to help grow your business further.
Is invoice financing limited to certain amounts?
No - if your business is seeing rising sales growth and invoices of ever-greater sums coming into your accounts, the amount you could borrow through invoice financing would grow in line with it, as the invoice is a benchmark for what you can borrow.
Where is the best place to compare invoice financing products?
Touch Financial offers you the ability to compare and contrast the type of invoice financing GapCap can provide you compared to other lenders on the market. Get started by following the links at the top of this page. A trained consultant will offer solutions, assessing your business and its requirements, before suggesting suitable lenders with facilities that match your business.
Do invoice financing providers charge fees?
Yes, when you seek to borrow a percentage of your invoices through invoice financing, GapCap cash flow finance facilities or those provided by other lenders will often charge a fee. This is usually at a percentage of the value of the invoices you wish to borrow against.
Do small businesses struggle to get invoice financing?
Yes, in some cases, a smaller business might struggle to get access to invoice financing. This is because lenders such as GapCap may set criteria such as a minimum level of turnover which exceeds what you currently make, or require a business to have been operating for longer than yours has.
Is invoice financing a solution to late payment?
Yes. Late payment often impacts businesses, as it restricts cash flow and denies you the funds you’re rightfully owed. Invoice financing with GapCap and other lenders can be a useful way around this problem, as you don’t have to wait for that invoice before being able to have a cash injection when you want it.
Does invoice financing impact my credit score?
It shouldn’t have a material impact on your credit score, as you haven’t been requesting a new line of credit. However, your lender might be less willing to lend, if they are concerned if you have an unsustainable reliance on credit, or seem risky to lend to.
Can invoice financing be discreet?
If you’re concerned about preventing clients from learning about you using your invoices to generate cash flow, invoice discounting can be a more discreet form of invoice financing. This is because you yourself will be tasked with collecting the invoices, without having to let the lender liaise with customers at any time.
Services offered by this provider may change over time. Always check Ts&Cs.