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.
How does it work?
1. Upload the Invoice
2. Approval in 24 Hours
3. Cash Advancement
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.
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.
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.
- Your business needs to have invoices issued for already delivered goods or already completed services that you require the finance on.
- 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.