Cash Flow FAQs
Invoice Factoring FAQs
What is invoice factoring? Once I have made contact with Novuna, how long will it take for someone to see me? Is invoice factoring regulated in the UK? Is invoice factoring considered a loan? Why would a UK company use a factoring company? Is invoice factoring suitable for my business? How much does invoice factoring cost? How effective is invoice factoring? How do I transfer from my existing invoice factoring provider? What makes a business suitable for factoring and can anyone use it? Our company has recently experienced rapid growth, would invoice factoring be a viable option? Is it possible to terminate an invoice factoring contract prior to the 12 month term? How can we use invoice factoring to finance our staffing agency? What is a factoring company? How does a factoring service work? How does invoice factoring work? Why should I consider invoice factoring?
Invoice Finance FAQs
What is the difference between invoice financing and invoice factoring? What is the process from initial enquiry to funds in my bank account? How long will the invoice finance process take? Can you use invoice finance to fund new start businesses? Can you use invoice finance to fund phoenix companies? How much money can I borrow with invoice finance? What if I don’t want my customers to know that I’m using invoice finance? Does invoice finance tie me in to a lengthy contract? Can I access details of my account in real time? Can I trust you to handle my credit control in a professional manner? Can I use more than one provider simultaneously? Will there be someone managing my account? I provide goods and services to consumers, will you fund these invoices? Will I face any issues in receiving the level of funding I need? What charges can I expect with invoice finance? Who should consider Invoice Finance brokers? Is invoice financing a good idea? Is Invoice finance in the UK suitable for small businesses? How does invoice financing actually work? Are invoice finance brokers regulated in the UK? What is invoice financing in the UK? How much will invoice finance cost? I export goods and services, will you provide invoice finance on these invoices? I'm already using a factoring provider but I’m unhappy and want to switch, can you do this for me? Why should I choose Novuna Business Cash Flow? Why should I use an invoice finance provider instead of my bank overdraft? What is an invoice finance company?
Accounts Receivable Factoring FAQs
Invoice Discounting FAQs
What is confidential invoice discounting? How do I transfer from my existing invoice discounting provider? Our company has recently experienced rapid growth, would invoice discounting be a viable option? Is invoice discounting long term or short term? What is the difference between invoice discounting and factoring? Is invoice discounting a good idea? What does an invoice discounting company do?
Invoicing FAQs
What is a sales receipt? Are sales receipts legally required? Can sales receipts be used for tax purposes? How long should I retain sales receipts? Can I issue digital sales receipts instead of paper ones? What is the main difference between an invoice and a receipt? When should I issue an invoice? What information should be included in an invoice? Can I issue an invoice after receiving payment? What is the purpose of an invoice? What is an invoice? Why is invoice accuracy important? What information should be included in an invoice? (1) Are there legal requirements for invoices? How to ensure timely payment for invoices? Why is it important to efficiently pay an invoice? What are common payment methods for invoices? How can I ensure accuracy when making payments? Can I schedule recurring payments for regular invoices? What is the main difference between a purchase order and an invoice? Are purchase orders legally binding? When should a purchase order be used? What is a purchase order process? Why is optimising the purchase order process important? What are some best practices for optimising the purchase order process? How can optimising the purchase order process help outrank competitors?
Finance Terms FAQs
Can I borrow and repay funds multiple times within the credit limit of a revolving credit facility? Are revolving credit facilities suitable for businesses with fluctuating cash flow? How can a revolving credit facility support business growth? What is the application process for a revolving credit facility? What is commercial property finance? What factors should I consider when choosing a lender for commercial property finance? How does the loan-to-value ratio (LTV) affect commercial property financing? Why is accurate documentation important in commercial property finance?