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Finance

Turn outstanding invoices into working capital.

Invoice finance may help businesses access cash tied up in unpaid customer invoices.

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Tera is a credit broker, not a lender. Any finance is subject to status and the terms of the finance provider.

Overview

Invoice finance allows a business to receive an advance against the value of outstanding invoices, with the balance settled when customers pay.

How it works

A provider advances a percentage of invoice value. When the customer pays, the remaining balance is released minus fees.

Common uses

  • Bridging gaps between invoicing and payment
  • Supporting growth without additional debt
  • Managing customer payment terms

Benefits

  • May improve cash flow without long-term borrowing
  • Can grow with invoice volume
  • May reduce pressure on working capital

Considerations

  • Fees and advance rates vary by provider
  • Customer creditworthiness may be assessed
  • Not all invoice types may qualify
  • Confidential and disclosed options exist

Information required

  • Sample invoices and debtor ledger
  • Customer payment terms
  • Recent trading accounts

Who may consider

  • B2B businesses with outstanding invoices
  • Companies with extended payment terms
  • Growing businesses needing working capital

The process

  1. 1.Complete Tera's assessment with invoice details
  2. 2.Provide debtor and trading information
  3. 3.Review suitable invoice finance options
  4. 4.Proceed with the chosen provider's onboarding

Example: contractor cash flow

A contractor completing large projects with 60-day payment terms may use invoice finance to access funds while awaiting customer payment.

This is an illustrative example only. Suitability depends on individual circumstances.

Invoice finance FAQs

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