Invoice Finance | Business Banking | Ulster Bank

Invoice Finance

Capital solutions designed to help your business grow

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Contact us today

 

New customers

To find out more about our services or to arrange a meeting with a Sales Manager please call:

00353 01 6085593

Lines are open 9am to 5pm - Monday to Friday. Please note, calls may be recorded.

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About Invoice Finance How it works

Finance options

We offer solutions which can turn your unpaid sales invoices into available cash. Allowing you to create new funding opportunities to support business growth.

Dedicated team

Our Relationship Managers will get to know your business and provide you with a financial package specifically designed to meet your working capital requirements.

Improved cash flow

Unlike traditional banking products, Invoice Finance supports businesses by providing working capital facilities linked to the value of a company's debtor book.

Online access

Our web-based system called Facflow™ allows you to view balances, keep records and request funds online. 

How much does it cost?

  • A Discount Charge (similar to an interest rate) is levied only on funds used by the customer
  • A Service Fee (related to the on-going management of the facility) is typically charged on an annual fixed fee basis and is billed at the end of each month
Additional Services and Pricing Chart (PDF, 574KB)
Why use it? The benefits of Invoice Finance

A fast cash injection

A quick, cost effective way of releasing up to 90% of the value tied up in your unpaid invoices.

Funding that grows

Your invoice finance facility grows as your sales grow, giving you a flexible working capital source.

Helps drive financial benefits

Having a fast source of working capital may enable you to drive better supplier pricing negotiations to help increase margins.

Personal and flexible service

A dedicated, experienced relationship management team to support you.

Secure online account control - Facflow™

Fast, flexible and secure management of your invoice finance account online through our web based system 'Facflow™'. You can view your account, download statement and request funds online.

Confidential Facility

You maintain responsibility for your sales ledger, credit control and collection of outstanding invoices, allowing you to retain direct contact with your customers.

Local support

Our dedicated team are based across the regions.

Add your signposting title here… Improve cash flow

We support businesses by providing working capital facilities linked to the value of a company's debtor book. It is an excellent way of providing funding for your company and funds may be available at a higher level than those through conventional banking products.

Tell me more

Improving cash flow

 

If your business provides trade credit, Invoice Finance could provide the immediate funding that you need.

A good quality debtor book enables you to release cash from one of your most valuable assets to part-fund an acquisition or to finance ongoing working capital needs.

An Invoice Finance Facility is not just for businesses experiencing cash flow pressures. If you are looking to expand either organically or through acquisition it can help too.

Invoice Finance may facilitate a deal that would otherwise prove impossible, without diluting ownership of your business.

Add your signposting title here… Is my business suitable?

Invoice Finance allows your company to raise working capital by converting your trade debts into cash. It is suitable for businesses with a minimum turnover of €500,000. Invoice Finance works for companies in a number of industries including manufacturing, wholesale, distribution and also for companies that export

Discover more benefits
Invoice Finance Why choose Invoice Finance?
  • It is a confidential facility and as far as your customers are concerned, everything works just as it did before.
  • You remain in control of your credit function, however, we do require that you record strong proof of delivery, that you have a good spread of trade debtors and that you maintain good credit control and sales ledgers systems.
  • You receive up to 90% of the value of invoices once you notify us of them electronically using our FacFlow™ system.
  • Invoice Finance can provide a significant cash injection to your business which can be used to fund working capital requirements.
  • When your debtor pays the invoice and the amount is remitted to us in full, the 10% balance (less our charges) is paid to you.
  • Asset Based Lending is suitable if you are a large business, trading domestically or internationally, with a minimum annual turnover of €10 million, we will be happy to discuss how Asset Based Lending can help with your working capital requirements.
Add your signposting title here… FacFlow™

We realise you want to manage your Invoice Finance facility as quickly and easily as possible. With this in mind we have designed FacFlow™ - a system that actually reduces your administration burden.

Features and log in

Features of FacFlow

 

Fast You can make requests and receive payments on the same working day.

Intuitive The system is well designed and easy to use.

Robust Facflow can handle large volumes with ease.

Secure Your information is kept secure through encryption technology.

Thorough Extremely comprehensive with the ability to produce full reports.

 

Log in to FacFlow >
Add your signposting title here… Business Lending Interest Rate Review

If you require more information on the Ulster Bank Business Lending Interest Rate Review, please see below for further details.

More information on the Business Lending Interest Rate Review

Important information

The provision of invoice finance products is carried out by Ulster Bank Ireland DAC trading as Ulster Bank Invoice Finance.  As the provision of invoice finance products does not require licensing, authorisation or registration with the Central Bank of Ireland these products are not covered by the Central Bank of Ireland’s consumer protection framework or by a statutory compensation scheme.

Contact options We're waiting for your call
Get in touch

Contact us today

 

New customers

To find out more about our services or to arrange a meeting with a Sales Manager please call:

00353 01 6085593

Lines are open 9am to 5pm - Monday to Friday. Please note, calls may be recorded.

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