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Understanding Credit Protection
With credit protection, up to 90% of your eligible debt is protected against insolvency or prolonged non-payment, minimising the impact on your business.
You can get credit protection alongside any of our invoice finance products
We'll compare invoice finance products with credit protection to get you the best deal, or you can call us on the number below to have a chat with one of our invoice financing experts.
Key takeaways
- Credit protection shields up to 90% of eligible debt from insolvency or extended non-payment, safeguarding your business's financial health.
- It aids in maintaining stable cash flow and business growth by ensuring you're not adversely affected by customer defaults.
- Credit protection allows businesses to plan and invest in operations, resources, and expansion with more certainty, despite awaiting customer payments.
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Pages in this SectionWhat is Credit Protection?
Credit protection is a safeguard mechanism that protects businesses against the risk of non-payment by their customers.
In the context of invoice finance, credit protection ensures that the business is not left out of pocket if their customer defaults or becomes insolvent. This means that even if the end customer fails to pay the invoice, the business that sold the invoice will still receive the agreed-upon funds.
Put simply, credit protection is a safety net, providing businesses with added security and peace of mind when engaging in invoice finance transactions.
Why Use Credit Protection?
You’ve worked hard to build up a strong customer base, but sometimes for reasons out of your control some of these businesses will fail. In fact in the course of a year the average company will lose more than 3 of its active customers because of financial distress, insolvency, administration or receivership.
When this happens, it can have a major impact on your cash flow, and potentially your own success. With credit protection, up to 90% of your eligible debt is protected against insolvency or prolonged non-payment, minimising the impact on your business.
It provides you with the support and security needed to grow your business, safe in the knowledge you will not be left out of pocket should one of your customers fail to pay.
Why Choose Novuna Business Cash Flow?
6 month trial period
A 6 month trial period so you can be sure the product is right for you, followed by a 6 month rolling contract – we don’t tie our clients in for long periods.
Digital onboarding
We are the first in the market to offer a digital onboarding process and have been leading the way with our digital capabilities allowing clients to sign up within 24 hours from the first appointment.
Client trust account
Once you become a client you will be given your own trust account, meaning you will get same day availability on your funds. You can also view all of your invoices and payments online at a time suitable to you, 24/7.
No uncleared effects
We have heavily invested in our digital capabilities. This includes the auto allocation of payments using Artificial Intelligence. Ultimately this advance in technology means that our clients access money quicker as well as saving money on interest charges due to auto allocation.
Simple pricing
We aim to make the process of Cash Flow finance as simple and straightforward as possible. Our pricing is very straightforward to understand. For a no obligation quote or an informal chat you can call our friendly team today on 0808 250 0859.
Award winning service
We offer award-winning client services and individual Relationship Managers who are on the other end of the phone or out in the field to visit you in person.
We're an award winning invoice finance company
Innovation in the SME Sector 2024
Alternative SME Lender of the Year 2023
SME Lender of the Year 2023
Best Use of Technology 2023
Best Provider 2023
We come highly recommended by our customers
"The communication and support has been outstanding. Providing me with all the information I needed regarding new clients coming onto our books. The system they use is so user friendly and the drawdown payments are very efficient in the fast moving world of temporary payroll."
Read full reviewAlternative Invoice Financing Products from Novuna Business Cash Flow
Invoice Factoring
Invoice Discounting
Payroll Finance
Want to learn how you can boost your businesses cash flow?
Our Cash Flow Resource Hub has been set up to help SME's with cash flow finance advice, tips and resources to help with their cash flow position.
We explore ways you can begin improving your cash flow situation and start getting your business on track to positive cash flow.
