Invoice finance in Wolverhampton
Invoice finance advances a percentage of an unpaid invoice as soon as you raise it, usually 80 to 90 per cent, with the balance paid when your customer settles less the funder's fee. It suits Wolverhampton businesses selling to other businesses on credit terms. CoreFi matches your case to lenders who fund Wolverhampton firms.
Selling on credit terms means funding your customer. A Wolverhampton business invoicing on 30 or 60 day terms carries the cost of the work, the wages and the materials long before the money arrives, and the faster it grows the wider that gap gets. Invoice finance closes it.
CoreFi is a commercial finance broker. We arrange commercial finance for Wolverhampton businesses, principally limited companies. We package the case, approach the lenders whose criteria fit, and manage it to drawdown. We do not lend our own money and we are not tied to any lender.
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Tell us what you need
Tell us roughly what you invoice a month, who your main customers are and what terms you give them. It costs nothing to start and there is no obligation.
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We match you with suitable lenders
We assess your situation against our whole-of-market panel and identify the lenders whose criteria actually fit, rather than applying everywhere and collecting declines.
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We package and submit
We prepare the case with the documents the lender will ask for and put it to the lenders most likely to fund it.
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Offer and drawdown
The lender issues terms and, on acceptance, releases the facility. We manage it through to completion.
Factoring or confidential discounting
With factoring the funder manages your sales ledger and collects from your customers, so they know a facility is in place. It suits smaller businesses without a credit control function, and the collection service is part of what you are paying for.
With confidential invoice discounting you keep control of collections and your customers are not told. It costs less in service terms but lenders expect stronger credit control and better management information, because they are relying on you to collect money they have already advanced against.
What lenders assess
The debtor book carries the deal more than your balance sheet does. Lenders look at who your customers are, how concentrated the book is, how promptly they actually pay, and whether invoices are raised against clearly completed work.
Concentration is the usual sticking point. A book where one customer is most of your turnover is riskier to a funder than the same value spread across twenty, regardless of how good that customer is. Contractual set-off, stage payments and applications for payment rather than plain invoices all complicate matters, which is why construction-linked ledgers need lenders who specifically understand them.
What it costs, and when it is the wrong answer
Pricing is usually a service charge on turnover passed through the facility plus a discount charge on funds drawn, which behaves like interest. Quoted headline rates are not comparable between lenders until both parts are on the table, and we will model both before you commit.
Invoice finance is the wrong tool if your customers pay promptly already, or if the real problem is margin rather than timing. It funds a genuine gap between doing work and being paid. It does not fix a business that is unprofitable at the point of invoicing, and taking it on in that situation adds cost to a problem it cannot solve.
Frequently asked questions
Do you cover all of Wolverhampton and the surrounding area?
Yes. We work with businesses across Wolverhampton and the surrounding area, including i54, Bilston, Wednesfield, Pendeford and out across the Black Country towards Walsall and Dudley. The lenders we match you to will confirm whether they fund your specific sector, location and security.
Do you lend the money yourselves?
No. CoreFi is a commercial finance broker, not a lender. We arrange facilities with lenders on our panel and are paid a commission by the lender on completion. If we think a product is wrong for your situation we will say so.
Will my customers know?
With factoring, yes, because the funder collects from them directly. With confidential invoice discounting, no, you continue to collect as normal. Which is available to you depends on the size of the book and the strength of your credit control.
Do I have to put every invoice through it?
Not always. Whole-book facilities are the norm and usually price best, but selective and single-invoice options exist for businesses that only need occasional support. They cost more per invoice, which is the trade for the flexibility.
What does it cost to use CoreFi?
There is no cost to start a conversation and no obligation. On most commercial products we are paid a commission by the lender on completion. Where a fee is payable by you, we tell you the amount in writing before you commit to anything.
Get matched with lenders for your Wolverhampton 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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