What can invoice financing be used for?

There are no restrictions on the uses of invoice financing, meaning funds can be used for a variety of requirements, including:

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Inventory and supply purchases

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Expansion or renovation

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Equipment upgrades or repairs

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Debt consolidation

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Marketing and advertising

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Paying staff wages

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Cash flow management

Unexpected costs, including tax bills

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Invoice finance solutions from Millbrook - Office worker

What is invoice financing?

Invoice financing is a type of funding in which a business leverages its unpaid invoices to receive immediate payment from a lender. It provides quick access to cash to cover operational expenses, manage cash flow, and invest in growth opportunities.

Apply for invoice finance with MillbrookSecure your funding

What can invoice financing be used for?

There are no restrictions on the uses of invoice financing, meaning funds can be used for a variety of requirements, including:

green-check

Inventory and supply purchases

green-check

Expansion or renovation

green-check

Equipment upgrades or repairs

green-check

Debt consolidation

green-check

Marketing and advertising

green-check

Paying staff wages

green-check

Cash flow management

Unexpected costs, including tax bills

See our client success stories Browse Millbrook's client success stories - arrow icon

How can invoice finance help your business?

Cash flow stability is a bigger risk to UK businesses than profitability. Invoice finance solutions give you the day-to-day working capital required to keep things running smoothly, despite delayed invoice payments.

We can make up your shortfall so you have access to the cash needed to fund growth and new projects.

Learn more in our blog: What are the Different Types of Invoice Finance?

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Fast access to cash

Invoice finance provides fast access to cash, allowing businesses to cover operational expenses, pay employees and manage unexpected costs.

Improved cash flow

The solution improves cash flow, enabling you to fund growth opportunities that might otherwise be out of reach.

Retain control

You can retain control over your invoicing and collection processes, as the lender doesn't interact with customers directly.

Tailored to your needs

Our solutions can be customised to meet your specific business needs, with options like selective invoice financing and spot factoring.

No restrictions on use of funds

There are no restrictions on how the funds are used, giving you the freedom to use the money as you see fit for your business operations.

No credit score requirements

Approval is typically based on your business' sales volume, providing an option for those with less-than-stellar credit.

Why Millbrook Business Finance is different

 

Our invoice finance solutions make unpaid funds readily available to businesses like yours, bridging the gap between invoices getting issued and paid.

Access unpaid invoice funds icon

Access unpaid invoice
funds instantly

Loan amount icon

Loan amount recovered
after invoices are paid

No assets needed icon

No need to offer
assets as security

Credit score icon

Credit score is not a
determining factor

Eligibility icon

To be eligible, business
must have unpaid invoices

Costs icon

No upfront costs or
deposits required

Apply for invoice
finance

 

Don't let delayed client payments hinder your business growth. Get the funds owed to you quickly with Millbrook's flexible invoice finance solutions.

Start your business finance application - icon Start your application

Need a different business finance solution?

Millbrook offers more than just invoice finance. We have extensive and flexible business financing options to meet any funding need. Browse our other finance products or head to our solutions overview page.

BUSINESS LOANS

Get fast unsecured and secured business loans from £25k–£25m.

check-dark-green For any business purpose
check-dark-green Up to 10 years repayment terms
check-dark-green Funding approved within 8 hours
Learn more

GROWTH GUARANTEE SCHEME

GGS offers flexible terms and competitive rates tailored to your specific needs.

check-dark-green 70% government backed
check-dark-green Up to £2m per business
check-dark-green Available in addition to CBILs & BBLs
Learn more

ASSET & EQUIPMENT FINANCE

Support your business growth without impacting your cash flow.

check-dark-green Purchase any asset
check-dark-green Simple application process
check-dark-green Repayment terms up to 7 years
Learn more

VEHICLE FINANCE

Fund any vehicle purchases, from vans and lorries to supercars.

check-dark-green Flexible deposits available
check-dark-green Tailored balloon payments
check-dark-green Hire purchase, lease or refinance
Learn more

REFINANCE

Release cash equity from equipment or obtain better terms on existing finance agreements.

check-dark-green Release cash from your equipment
check-dark-green Obtain improved finance terms
check-dark-green Great for debt consolidation
Learn more

MERCHANT CASH ADVANCE

Quickly raise working capital against your company's card sales.

check-dark-green No interest rate or fixed repayments
check-dark-green Borrow up to double your monthly card sales
check-dark-green 90% approval rate
Learn more

COMMERCIAL PROPERTY FINANCE

Get quick access to property-related finance.

check-dark-green Repayment up to 30 years
check-dark-green Interest-only products available
check-dark-green 80% LTV or 100% with security
Learn more

INVOICE FINANCE

Unlock funds tied up in outstanding invoices.

check-dark-green Up to 90% of invoices’ value
check-dark-green Your facility grows with you
check-dark-green Fast and simple to release cash
Learn more

Need help choosing the right finance solution for your business?

Business finance can be complicated. To help you make sense of the options available, we've created this handy interactive Business Finance Checklist.

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