Invoice Finance in Sheffield
CoreFi arranges invoice finance for Sheffield businesses, typically limited companies that invoice other businesses and wait weeks or months to be paid. Through factoring or invoice discounting, a lender advances a share of each invoice up front. We match you to funders whose criteria fit. Advance rates and terms are indicative and depend on your debtor book and lender appetite.
Invoice finance releases the cash tied up in unpaid invoices. When you raise an invoice, a funder advances a share of its value straight away, and you receive the balance, less their charge, once your customer pays. For Sheffield's business-to-business economy this fits a familiar problem: engineering subcontractors in the Lower Don Valley and Attercliffe supplying larger manufacturers on thirty, sixty or ninety-day terms; metals and steel processors near Templeborough carrying stock and long payment cycles; recruitment, logistics and facilities firms funding weekly wages against monthly client payments; and creative and digital agencies in Kelham Island waiting on project invoices while payroll runs regardless. CoreFi is a commercial finance broker; we match your requirement to lenders whose criteria fit. We do not lend ourselves and we do not set the terms. Any figure mentioned here is indicative and for illustration only.
- 1
Tell us about your sales ledger
Share roughly what you invoice, your typical payment terms and the kind of customers you sell to. It costs nothing to start and there is no obligation.
- 2
We match you to invoice funders
We identify funders whose appetite fits your sector, ledger and customer profile, and help you weigh factoring against invoice discounting for your situation.
- 3
Review terms and decide
Interested funders come back with indicative advance rates and charges. Any figure is illustrative until formally offered. We help you compare the full cost, and you decide whether to proceed.
How invoice finance works
There are two main forms. With factoring, the funder advances against your invoices and also runs the credit control, chasing and collecting payment from your customers; that suits smaller firms that would rather not manage collections in-house. With invoice discounting, you keep control of collections and the arrangement can be confidential, so your customers need not know a funder is involved; that tends to suit larger or more established businesses. Either way, the funder typically advances a share of each invoice quickly and releases the rest, minus their fee, when the invoice is settled. The facility grows as your sales grow, which is why it suits firms scaling up or with lumpy, contract-driven cash flow. The advance rate and charges depend on your debtor book and lender appetite, so we avoid quoting fixed figures up front.
What Sheffield lenders look at
For invoice finance the funder is lending against your sales ledger, so they look closely at the quality of your debtor book, not just your own accounts. They assess who your customers are and how creditworthy they are, how concentrated your sales are on a few large accounts, your typical payment terms and dispute history, and whether you invoice for completed work or against ongoing contracts. This shapes appetite in Sheffield's supply chains: an engineering subcontractor invoicing a small number of large, well-rated manufacturers can be attractive, but heavy reliance on one customer needs a funder comfortable with that concentration. Sectors that invoice on stage or application, such as some construction-linked trades, need a funder that understands contractual claims. We match you to funders whose criteria fit your ledger and your sector.
Why bring the deal to CoreFi
The invoice finance market runs from the big bank-owned providers to independent and specialist funders, and they differ sharply on which sectors they like, how they treat customer concentration, whether they will do confidential discounting, and how their fees stack up. The headline advance rate rarely tells the whole story; the service charge, discount margin and any minimum fees matter just as much. We hold that detail across our panel, so we can steer you toward funders whose approach fits your ledger and flag the total cost, not just the advance rate. We cannot promise a facility or particular terms, because those sit with the funder and depend on your debtor book, but we can match it well and help you compare offers on a like-for-like basis.
Frequently asked questions
What is the difference between factoring and invoice discounting?
With factoring the funder also runs credit control and chases your customers, which suits smaller firms. With invoice discounting you keep collections in-house and the arrangement can be confidential, which tends to suit larger or established businesses. We talk you through which fits your situation.
Will my customers know I am using invoice finance?
With factoring they usually will, because the funder collects payment. Confidential invoice discounting is designed so they need not know. Availability depends on your size and ledger, and the funder confirms what they can offer.
Can invoice finance work if I rely on a few big customers?
It can, but customer concentration affects appetite and terms. A ledger spread across several creditworthy customers is easier to fund than heavy reliance on one. We match you to funders comfortable with your particular ledger.
Do you set the advance rate and fees?
No. We are a broker. The funder sets the advance rate, service charge and discount margin against your debtor book and sector, and any figure we discuss beforehand is indicative only.
Get matched with lenders for your Sheffield business
Tell us what your business needs and we will match you with lenders whose criteria fit. No obligation, no cost to start the conversation, and a straight answer about what is realistic for your situation.
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