For businesses left with a time lag between issuing an invoice and receiving payment, invoice finance is a great option.
In many industries, payment after 30, 60 or even 90 days is standard, while your rent, wages and other bills continue to be paid every month. Where you have just a few major projects on the go, each with long payment terms, this can create significant problems
with cash flow.
Invoice finance plugs that gap, allowing you to borrow money against outstanding invoices so your cash flow does not reach
Traditional lenders such as high street banks can be wary of giving loans to businesses to plug the holes in their cash flow. Invoice finance is designed specifically for this reason: to assist businesses working across all business-to-business (B2B sectors), to achieve cashflow stability.
Invoice finance is particularly useful in the construction industry, for example, where material costs can be very high and often paid up front, but payment can take many weeks or even months to come through. By using Invoice Financing cashflow can be substantially improved enabling the business to move on to the next project.
Keeping your business running
Finance can be made available from the day your invoice is issued, so the business can continue to operate as normal.
With support from the experts at RedSky, businesses can navigate the invoice finance market and find the right funder to meet their needs. Our advisers will even manage the application process to ensure it runs as smoothly as possible.
I suggest stop looking at your typical high street banks and try Paul straight away. Saved me lots of hassle and head ache and manage to get me a loan middle on the pandemic and 2% cheaper to the closest competition. His not your typical 9 to 5 office worker sometimes we were exchanging emails at 9pm he was always available to talk and not once we felt he wasn’t the right guys.
Paul at RedSky provided an excellent and friendly service to source and successfully apply for a loan for my client. Despite originally being refused a loan by their high street bank Paul managed to get us an acceptable alternative at good rates. - I would not hesitate to recommend Paul and his team to anyone looking for funding.
From the start of the process Andy was fantastic in arranging finance for our business. He kept me updated with progress all the way through keeping the stress levels to a minimum, even when he was on a weeks holiday. I wouldn't hesitate to use their services in the future.
Fantastic service from the minute we spoke to Martin Bell - personable pragmatic and he managed to get a great deal on our business development finance - wouldn’t hesitate to use again or recommend to others
Myself and my husband have been supported by RedSky for over 15 years in our Hi-tech engineering business and we simply couldn't recommend them enough. They will always go the extra mile and beyond and will only find a solution that is totally right for your business, never simply for their gain. Integrity is absolutely paramount for them. They are able to look at the whole of the market for your business solution and are at the forefront of everything that is happening in the business funding world and solutions for SMEs. They really do care about your business.
Gareth at Red Sky understood my business and my funding requirements quickly, he was a pleasure to work with and secured the funding I required. I highly recommend Gareth and Red Sky. If the need arose I would turn to Gareth and Red Sky without hesitation
Without Redsky our business wouldn’t of even got off the ground. Gareth was fantastic in putting our business plan together and doing all the paperwork. We can’t thank you all enough hopefully you can change our life’s. Thank you