Flexible finance for your business
Navigate your business growth with targeted financial support. Selective Invoice Finance offers the control you need to manage cash flow effectively without commitment to your entire sales ledger.
How does Selective Invoice Finance work?
With Selective Invoice Finance, you choose which invoices you want to finance. Here's a general overview of the process:
- You issue an invoice: You provide goods or services to your customer and issue an invoice with your usual payment terms.
- You select invoices to finance: Instead of waiting for your customer to pay, you select specific invoices you'd like to finance. This could be one or a few invoices, depending on your needs.
- Funds are advanced: The finance provider will advance a percentage of the invoice value (typically 70-90%) to you within 24-48 hours.
- Your customer pays: Your customer pays the invoice directly to the finance provider on the due date.
- Remaining funds are paid to you: Once your customer pays, the finance provider pays you the remaining balance of the invoice, minus their fees and the initial advance.
Canterbury Business Finance helps New Zealand businesses navigate the options to find the best Selective Invoice Finance solution for their needs.
Unlock your business potential
Not every business needs to finance every invoice. Sometimes, you simply need access to additional working capital for a specific project, a large customer order, or to bridge a temporary cash flow gap. Selective Invoice Finance provides the flexibility to choose which invoices you finance, giving you greater control over your funding without committing your entire sales ledger.
Targeted cash flow
Finance only the invoices you choose, providing cash flow precisely when and where you need it.
Enhanced control
Maintain full control over your sales ledger and customer relationships.
Strategic growth
Support specific projects, large orders, or seasonal demands without impacting your overall finances.
Who benefits from Selective Invoice Finance?
A wide range of businesses in Canterbury and beyond find Selective Invoice Finance a highly effective solution for managing their working capital. This flexible option is particularly beneficial for:
Industries that thrive with flexible funding
Industries commonly using Selective Invoice Finance include:
- Construction
- Manufacturing
- Wholesale distribution
- Transport and logistics
- Engineering
- Professional services
- Recruitment
- Agriculture
- Import and export businesses
- Commercial trades
How businesses use selective invoice finance
Businesses use Selective Invoice Finance for a wide range of purposes, including:
- Funding large customer orders
- Purchasing stock and raw materials
- Paying wages and contractors
- Covering operating expenses
- Managing seasonal trading periods
- Supporting business expansion
- Bridging temporary cash flow shortages
- Taking advantage of new business opportunities
- Improving working capital
Your first step to better cash flow
Not every lender offers the same Selective Invoice Finance products, and approval criteria can vary significantly. At Canterbury Business Finance, we compare funding options across a wide panel of commercial lenders to find the most suitable solution for your business.
We can help by:
- Assessing your funding requirements
- Comparing multiple lenders
- Explaining different funding structures
- Negotiating competitive terms
- Managing the application process
- Providing ongoing support as your business grows
Ready to explore your options? Simply reach out to us, and we'll guide you through the next steps.