Let's bust some jargon
What is invoice finance?
What is invoice finance?
Invoice finance is a way of getting extra money into your business, by unlocking client invoices that haven't been paid yet. You get paid quickly, we chase the client payments.
How it works
In full, this is what's going on behind the scenes:
- If approved, we buy your sales ledger (the invoices of the contractors you've placed)
- We pay your contractor, and send you the invoice profit (minus fees) in advance
- We then take on the burden of chasing client payments
What it costs
- We take a small percentage fee per invoice
- Nothing else; we don't charge any hidden fees or charges
- It's just one fee instead of many, so it's as easy as possible for you to track
Our platform
Sonovate brings together all you need for invoice finance in one place, freeing you from stress and letting you get money in like magic. Let us show you how.
