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BUSINESS FINANCE / SELECTIVE INVOICE FINANCE

Selective Invoice Finance with ScotPac

Stay in control of how much money you need and how often you need it with flexible funding arrangements.

UP TO 95% OF YOUR INVOICE VALUE WITHIN 24 HOURS

NO FAMILY HOME SECURITY REQUIRED

FUNDING AVAILABLE FOR ONE OR MULTIPLE INVOICES
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What is selective invoice finance?

Selective invoice financing is a highly flexible line of credit that allows businesses of all sizes to access the capital they need when they need it.

Secured by one or more of the business’s outstanding sales invoices, there’s no need to put up your family home as collateral. 

Whether you want to offer one or several invoices from your sales ledger at any given time is up to you, your business and your needs.

Thanks to a flexible fee structure with customisable funding periods, you can choose the term period that best suits you and your financial requirements. Remember: The shorter the period, the cheaper the finance.

How does it benefit your business?

  • Improve your business’s cash flow.
  • Enjoy quick and flexible financing almost immediately. 
  • Address urgent disruptions to cash cycles. 
  • Take advantage of growth opportunities.
  • Maintain complete control over which invoices are financed.
  • Access tied up funds in outstanding invoices. 
  • Self-secured by the invoices submitted for financing. 
  • Avoid the inconvenience of traditional lenders’ strict eligibility criteria.

How does it work?

1. Upload the Invoice

Once you’ve issued your customer or client an invoice directly, you submit the invoice by uploading it to our easy-to-use portal.

2. Approval in 24 Hours

Our team will review the invoice and provide capital to the value of up to 95% of the invoice (less our fees).

3. Cash Advancement

Use your working capital to help your business thrive! The remaining 5% will be issued once the invoice or invoices are paid in full.

Who is it for?

Selective invoice financing is a great option for businesses who need occasional and varying amounts of cash flow support.

By accessing a line of credit on your terms and according to the invoice or invoices you submit, you remain in complete control of your borrowing capacity and frequency.

If you’re a business with seasonal fluctuations in cash flow or only need limited access to additional working capital to grow and flourish, make sure to speak to the ScotPac team today about how selective financing can help you.

Why ScotPac?

We find a way to say “yes”. 
We manage this by being nimble in our work and inventive with our funding solutions. This way, we’re able to unlock hidden value in our clients’ assets, such as invoices.

Fast Funding In as little as 24 hours, we’re able to get our clients up and running!
Tailored Solutions All of our cash flow solutions are tailored to specifically suit the objectives and needs of your business. And they’re flexible enough to adapt to your ever-changing funding needs.
Experts in SME The ScotPac team has over 30 years of experience lending exclusively to SMEs. We make it our business to know yours.

Frequently Asked Questions

HOW LONG WILL APPROVAL AND FUNDING TAKE?

Approval can take as little as 24 hours from the time the information is provided. Once approved, the funds will be in your account and accessible within hours.

ARE THERE ANY QUALIFICATION CRITERIA?

Yes. Our qualification criteria is based on 2 mandatory requirements.

  1. Your business needs to have invoices issued for already delivered goods or already completed services that you require the finance on.
  2. Your business needs to sell products or services to other businesses on standard trade credit terms

DO I NEED TO PROVIDE SECURITY?

No additional assets, such as your family home, is required as security for selective invoice finance. The sales invoices you provide act as the security for the facility.

WILL THE SELECTIVE INVOICE FINANCE ARRANGEMENT AFFECT ANY EXISTING FINANCIAL ARRANGEMENTS?

With no need for real estate security, a selective invoice funding solution can be arranged alongside any existing banking arrangements. 

In fact, with such easily accessible funding, you may discover even less of a need for your overdraft or other financial arrangements as you can access all the cash flow you need from within your business.