Skip to content

Fast and simple

Selective invoice finance

alien monkey walking

Slow payment of invoices makes running your business harder than it should be

Advance these funds on a pay-as-you-go basis…

More than a third of SMEs wait between 30 and 90 days to get paid, placing severe strain on cash flow and limiting opportunities for growth.

Invoice finance enables you to unlock the cash tied up in these unpaid invoices by advancing you up to 90% of the invoice value, on a pay-as-you-go basis.

You select the invoices you want to finance and when, with the flexibility to boost working capital invoice-by-invoice and with funds available in GBP, EUR and USD.

Why choose Growth Lending for invoice finance?

monkey in space helmet
Fast and simple

Our online portal makes the onboarding and drawdown processes swift and easy

Competitive pricing

Fees from 0.85% per month, on a pay-as-you-go basis

International currencies

We can finance invoices raised in GBP, EUR and USD

Funding for non-UK registered companies

We can provide invoice financing to companies registered in the UK, United States and Germany (and any other OECD country upon request)

DRTY Drinks

Matija Pisk

Founder

DRTY Drinks

“We have been really impressed with the speed and professionalism of the team at Growth Lending and are excited to work with them further as they support DRTY’s plans for growth.”
monkey in space helmet with question mark

How does selective invoice finance work?

Your business has £100,000 tied up in payments owed from debtors in the UK and elsewhere in Europe, disrupting your cash flow and putting strain on the relationship with your own suppliers, who also appreciate prompt payment.

Fortunately, after quickly checking your eligibility, you find that your business qualifies for selective invoice finance from Growth Lending. After uploading your invoices to our simple-to-use platform, we are able to advance up to 90% of the total value of these invoices, which include a £20,000 invoice from a UK debtor and two €40,000 invoices from debtors in the Netherlands.

What is more, if you were to already have an invoice finance or working capital facility with another UK lender, we could work alongside them, funding only the €80,000 invoices.

Deer

73% SMEs experience late payments from their customers

Parrot

67% of late payments are worth up to £50,000

33% SMEs experience late payments on at least a monthly basis

Apply now

Growth Lending funds a wide range of growing B2B firms. If that is you, let’s see how we could support your growth.

Cheetah

Fast

Our expert team works quickly to assess which funding solutions are the best fit for your business, with all decisions made by humans, not machines.

Octopus

Flexible

We know that growing businesses need to be agile, which is why we have a range of funding solutions to fit different business’ needs, as well as flexible processes designed with you in mind.

Whale

Experienced

A strong track record of lending to fast-growing SMEs means we have a thorough understanding of the challenges you face and the support you will need to accelerate your growth journey.

Tell us a little about yourself…

*Required fields
Name(Required)

Now, a little about your company.

Address(Required)

How much would you like to borrow?
Privacy Policy(Required)
Animated image of a red star Animated image of a purple star Animated image of a cat

Invoice finance is when a lender utilises an unpaid invoice as security for funding, giving you immediate access to a percentage of the invoice’s value. Many lenders provide funding against your whole sales ledger.

It releases capital enhancing your cash flow and enabling you to pay staff and suppliers, reinvest in operations and growth earlier than you would be able to if your cash remained tied up in late payments.

What is invoice finance?
Was this helpful? Speak to an expert

Selective invoice finance gives you the flexibility to fund individual invoices. Simply select the invoices you want to fund and decide when the funds are released, putting you in control of your cash flow for a low service fee.

What is selective invoice finance?
Was this helpful? Speak to an expert

Selective invoice finance is sometimes referred to as spot factoring, spot invoice finance or single invoice factoring, in reference to the flexibility of the facility.

In certain markets, these terms are associated with slightly different products, where spot factoring or single invoice factoring refer to the funding of specific individual invoices.

Our selective invoice finance product gives you the flexibility to fund whatever proportion of invoices you choose, freeing up working capital and retaining control of your cash flow.

What are other names for selective invoice finance?
Was this helpful? Speak to an expert

After you have completed our straightforward online onboarding process, we aim to respond with an indicative offer within 24 hours.

One of our lending experts will work with you to understand your cash flow requirements and get you onboarded in no time.

How does selective invoice finance work?
Was this helpful? Speak to an expert

With selective invoice finance, Growth Lending does not impose a minimum contract period or minimum income criteria and we do not restrict funding based on concentration, making our product more accessible than many similar options on the market.

The flexibility of selective invoice finance means that you can often access a greater advance rate than is usually offered, as you select the individual invoices or debtors to be financed.
It also gives you more control over your cash flow, as you can leverage individual invoices, or groups of invoices, depending on your working capital requirements.

What are the advantages of selective invoice finance?
Was this helpful? Speak to an expert

Traditionally, invoice factoring requires a business to sell its whole sales ledger to a third-party factoring company. This firm takes on the debt in its entirety, freeing up working capital for the business. With factoring, the lender usually becomes responsible for chasing debtors and recovering payments.

Invoice finance on the other hand, does not require the sale of a whole ledger, with payments advanced by the lender on an invoice-by-invoice basis. Working this way also means that you retain responsibility for debtor payments, keeping closer control of your cash flow.

What is the difference between selective invoice finance and invoice factoring?
Was this helpful? Speak to an expert

Your business must be registered in the UK, US or or other OECD countries on request, with B2B invoices of more than £10,000 and payment terms between 30 and 120 days.

How do I know if my business is eligible for selective invoice finance?
Was this helpful? Speak to an expert

With selective invoice finance, you retain complete control of your cash flow and are therefore responsible for recovering outstanding payments.

If my business receives funding from Growth Lending, who is responsible for chasing the invoice payment?
Was this helpful? Speak to an expert

We can fund alongside other lenders, funding the overseas invoices while they retain the UK invoice finance. However, your existing lender may have to consent to the facility.

We can also offer standalone facilities overseas, with no requirement to fund a linked UK entity, so can work flexibly to meet your needs.

What if I am already using an invoice finance provider for my UK invoices?
Was this helpful? Speak to an expert

We can offer standalone facilities for businesses in the US, or other OECD countries on request, with no requirement to fund a linked UK entity.

The best step forward is to get in touch and we can discuss your funding needs in greater detail

What if my business is based in the US?
Was this helpful? Speak to an expert

Any invoice we fund must be fully unencumbered. We regularly take security but are happy to rank behind other charge-holders or lenders, as long as we have priority over the receivables we are funding.

Do you require security?
Was this helpful? Speak to an expert