Services
INVOICE FINANCE
Is your cash tied up in unpaid invoices?
Are you bogged down in unnecessary administration? Sallyport Commercial Finance can help by freeing up your working capital by financing your unpaid invoices for up to 90 days. We replace much of the day to day administrative burden related to managing your sales ledger and cash flow with the freedom to get on with what you do best – growing your business.
We will check the credit of your customers so that you can make an informed supply decision. We will provide credit control and credit management services to you, by collecting, processing and allocating payments to your sales ledger.
We strive to fund your invoices in 24 hours in order to improve your cash flow. We fund invoices for customers that are both domestically and internationally based, subject to credit worthiness and some due diligence. All contact with your customers will be in a professional and courteous manner helping you to deepen your relationships with your customers.
Funding YOUR business to help achieve your hopes and dreams. It’s What We Do.
Sallyport knows that cash flow is the life blood of your business. That’s why we make it as easy as possible for you to get the cash you need to help you open new markets, gain new customers and purchase new equipment. We offer cash flow and working capital so you can pay bills, payroll, and taxes, everything you need to keep your business running smoothly.
INVOICE FACTORING
Factoring is a financial product that enables businesses to sell unpaid invoices (accounts receivable) to a third-party factoring company (Sallyport Commercial Finance Ltd / SCF).
Invoice factoring is designed to help provide working capital for those businesses who tend to experience longer payment terms with invoices, typically more than 30 days.
Factoring speeds up access to funds and incoming cash flow, as receiving payment for invoices can sometimes be a lengthy and frustrating process.
Many businesses offer credit terms for invoices which can be between 30 to 120 days, and this can lead to cash flow issues. Usually, they have to pay for materials, fuel, wages etc long before getting paid for their goods or services. Invoice factoring, therefore, can offer a useful solution.
How Does Factoring Work?
You sell your invoices to SCF in exchange for a percentage of their value, up to 90%.
After checking that they are payable, SCF pays you the agreed percentage of the invoice’s value immediately
SCF typically agrees to chase and collect the value of the invoice when it’s due
Once paid in full, SCF pays you the remainder of the invoice’s value, minus the agreed fee
Factoring Example
Your business is having some cash flow issues due to weekly wage run and the cost of fuel. You are not due to be paid for this weeks’ work for another 60 days. You agree a factoring facility with SCF who offers an 80% advance. Your first invoice is for £40,000 which means you receive £32,000 up front less a small service fee allowing you to pay wages and buy in the materials for the next weeks’ orders.
SCF has also taken on the credit control as part of the agreement, meaning you don’t have to worry about chasing invoices. SCF will chase the payment when due and once it is paid, you receive the remaining invoice value.
INVOICE DISCOUNTING
Like Factoring, Invoice Discounting provides instant access to cash tied up in outstanding invoices.
With Invoice Discounting you maintain control over the collection of payments, making the facility entirely confidential if you wish.
Invoice discounting allows you to sell unpaid invoices to SCF who will give you a certain percentage of the face value against  your outstanding invoices. .
How does invoice discounting work?
You sell goods and services to your client and you create an invoice as normal.
You sell your invoices to SCF in exchange for a percentage of their value, up to 90%.
After checking that they are payable, SCF pays you a percentage of the invoice’s value immediately less a small service fee.
If the facility is confidential, your client makes full payment to you and SCF will open a trust account in your business name for receipt of the payments.
You are responsible for chasing your invoices for  payment.
Once paid in full, SCF pays you the remainder of the invoice’s value.
CONFIDENTIAL INVOICE FINANCE
Both services above can be run confidentially.
SCF would open a trust account which  means your customer’s payment will be received into a dedicated account in your company name.
EXPORT FINANCE
Both services can be utilised with export debt. SCF will credit check your international customers and if suitable will purchase your invoices at an agreed percentage, up to 90%.
SELECTIVE INVOICE FINANCE
This can be applied to Factoring or Invoice Discounting.
Essentially you choose which invoices to finance. For example if you have a large customer who pays in 2 days you may not require any funding against their invoices.  The remainder of your debtor’s ledger is outstanding for 60 days and this is where we can help. .
Flexible solutions designed for the specific circumstances of YOUR business.
BAD DEBT PROTECTION
Bad Debt protection can be added to either of our services to give you the confidence that you will receive payment for invoices due from your customer in the event of their non-payment if they go out of business or other circumstances cause them to take many months to pay.
This is particularly useful if you have particular customers who account for a large proportion of your turnover.
Grow YOUR business with the peace of mind that  YOUR  customers are credit protected.
Bad Debt protection can be added to either of our services to give you the confidence that you will receive payment for invoices due from your customer in the event of their non-payment if they go out of business or other circumstances cause them to take many months to pay.
This is particularly useful if you have particular customers who account for a large proportion of your turnover.
Grow YOUR business with the peace of mind that  YOUR  customers are credit protected.
Bad Debt protection can be added to either of our services to give you the confidence that you will receive payment for invoices due from your customer in the event of their non-payment if they go out of business or other circumstances cause them to take many months to pay.
This is particularly useful if you have particular customers who account for a large proportion of your turnover.
Grow YOUR business with the peace of mind that  YOUR  customers are credit protected.
Working Capital for growth through factoring, invoice discounting and bad debt protection