CALCULATOR

Invoice Finance Calculator

What is the value of your outstanding invoices?

£

Advanced Rate: (10%)

10% 92%

Estimated yearly turnover?

£

Average Payment Terms: (90 days)

Results

Max funding available to you:

0.00 (10%)

Estimated annual cost:

0.00

Invoice Finance Calculator

At Funding Bay, we understand the needs of today’s businesses and we know that getting the funding you need, when you need it, can be challenging. There is a solution to increasing your cash flow and it’s called invoice financing. There are invoice financing solutions from both the high street banks and some alternative lenders. Funding Bay has made finding out how much it will cost easier than ever.

Our Invoice Finance Calculator is easy to use and takes just seconds to learn how much it will cost you to free up your future cashflow. Whether you need capital to meet payroll, pay suppliers, or cover other critical operational expenses, knowing the potential cost before you apply for funding can make getting capital more efficient and less stressful. Get the capital your business needs and can afford by contacting our team of financial experts today.

How Invoice Financing Can Help Your Business

Understanding how invoice financing can help your business is easy. A lender will issue you a percentage of your outstanding invoices when you raise them, known as an advance. Think of it as instant access to the cash you’re already owed, without the wait.

How It Works In 4 Easy Steps

Using the Funding Bay Invoice Finance Calculator to understand your options is fast and easy. In 4 easy steps, you will know what the likely cost of the invoice finance facility will be, as well as any additional costs typically associated with the loan.

Step 1- enter the total value of the invoice(s) you plan to finance.

Step 2- enter the required % advance rate. For example, if you have £100,000 outstanding, you should be able to drawdown up to £92,000

Step 3- Add your estimated annual turnover

Step 4: Select the terms of the given invoice in days.

You can experiment with different terms to fully understand what the potential cost of funding your business will be.

How Is Your Invoice Financing Eligibility Calculated?

The eligibility criteria for invoice financing differs from financing company to financing company. When deciding your invoice financing eligibility, most finance companies will take into consideration your:

  • Profit And Turnover
  • Business And Personal Credit History
  • Your invoice payment terms
  • Your other loans in the business
  • The credit-worthiness of your debtors (customers)

FundingBay Invoice Finance Calculator Disclaimer

Just as every business is different, so is every invoice financing facility. The individual terms for each finance provider vary. Invoice financing is popular among many small to medium and enterprise level business owners when they sell on payment terms.

There are, however, other types of lending options that may be suitable. These can include:

  • Loans repaid as a percentage of revenue.
  • Loans taken as an overdraft alternatives.
  • Asset finance, such as equipment leasing.
  • Revolving Credit facilities like stock finance.

Other Calculators

 

Invoice Finance Calculator

At FundingBay, we make calculating the cost of your business loan easier than ever. Our free, easy to use business loan calculator provides accurate pricing structures to help you decide just how much loan you can afford.

Our team of financial experts understand the needs of today’s small to medium and enterprise level businesses and want to help you and your business become successful and sustainable in today’s post pandemic corporate environment.

The next step is to match with a lender and start comparing business funding options.

How It Works

Using the FundingBay business loan calculator to understand your loan options takes less time than you might think. In seconds, you will know what your average monthly interest payments will be, as well as any additional monthly costs typically associated with a business loan.

Input your loan amount, the annual interest rate and term length (in months) that you would like and let the FundingBay business loan calculator do the rest. Before you know it, you will have It really is that simple!

Who Needs Business Funding?

In today’s competitive business world, success often comes down to which business can take advantage of the opportunities before them. This typically is relative to the amount of capital a business has to work with. Expanding your business, adding new staff, designing a new product line, or just paying off business debt costs money. Without enough capital, a business can become stagnant which is the first phase of decline.

Regardless of the size or type of business you own, you will need additional funding at some point. The most efficient way to do this is through a small business loan. Decide on the amount you need and how much of a loan you can afford, qualify, and you could have working capital the very next day.

This can boost operations and put your business in a much more competitive position. A number of financial products can help a business raise funding including, revolving credit facility, merchant cash advance, selective invoice finance, term loans and the list goes on.