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.
Woodsford TradeBridge Invoice Finance FAQs
Who is Woodsford TradeBridge?
Woodsford Tradebridge formed in 2013 to provide flexible working capital solutions designed to aid businesses alongside traditional funding channels. They provide a wide range of commercial funding products and services to businesses within all sectors of the UK economy.
What is Woodsford TradeBridge invoice financing?
Woodsford TradeBridge invoice financing is a product that enables businesses to sell their invoices and leverage their value for a substantial cash injection (minus any fees).
How costly are invoice financing fees?
The fee for the invoice financing Woodsford TradeBridge and other providers offer is usually a percentage of the value of the sum you’re borrowing against your invoices. Our partner, Touch Financial, can help you compare providers and find the one which best suits your requirements – follow the instructions at the top of this page to get started.
Can I borrow as I grow my business?
Yes, invoice financing is structured so that, the larger the invoice, the more money you can borrow from a provider. Invoice financing can be an ideal solution to a business facing issues relating to cash flow, especially if you’re a successful business but your cash stream gets constrained from time to time.
What do businesses usually use invoice financing for?
Businesses typically borrow using invoice financing because it is a speedier way of securing cash flow than conventional business loans. This money may then be invested in personnel, equipment or infrastructure, as well as simply expanding further if a growth phase is imminent.
Is invoice financing a solution to late payments?
Yes, invoice financing is just one of many solutions to the common issue of late payments. This is because the invoice financing products from Woodsford TradeBridge and other providers can be designed to help generate cash flow from your invoices, even if they remain unpaid or outstanding.
Is invoice financing available to small businesses?
Providers such as Woodsford TradeBridge are increasingly offering invoice financing products marketed at not just established enterprises and businesses but also start-ups and smaller businesses too. Bear in mind that lower turnover will limit the amount you can borrow through invoice financing.
What other obstacles might small businesses face with invoice financing?
Some providers of invoice financing set criteria that a small or less mature business may struggle to meet. For example, they may require a business to have a higher level of turnover than is currently being earned, or that the business must have been operating for longer than a small business has actually been in operation.
Is invoice financing risky in any way?
All forms of financing carry some form of risk, but the risks of invoice financing are generally related to the likelihood of invoices being paid. Whether you are liable for failed invoice payment depends on whether you signed a non-recourse agreement.
What is the difference between non-recourse and recourse agreements?
In an invoice financing context, a non-recourse arrangement means your provider agrees to absorb the risk if a client fails to pay invoices. However, this increases the risk for the provider, so they may be inclined to charge a higher fee to compensate.
Can I do invoice financing discreetly?
Invoice financing allows you to leverage your sales ledger without your client knowing. You retain control for administration of the sales ledger and the provider transfers cash borrowed against the invoices accordingly.
Services offered by this provider may change over time. Always check Ts&Cs.