Let’s take a look at how invoice financing works. Essentially, when you sell goods to customers or clients, it can take some time for them to pay you back. This creates an invoice on your end that is owed by your client. Then, instead of waiting for payment from that customer, a business invoice finance company buys your invoices and collects them on your behalf. As long as you comply with their terms and conditions, they’ll cover all payments due. In return, you’ll receive a portion of those funds upfront. That way, you can focus on growing your business without worrying about collecting money owed to you. For example, let’s say you have $1 million worth of outstanding invoices and you sign up for a 10% advance rate. If your UK invoice finance provider pays out $100,000 (10% of $1 million), then you’d have more cash flow available to put toward other expenses like salaries or marketing campaigns. This helps you grow your business faster than if you had to wait for eve...