Selective invoice finance, on demand

Selective invoice financing lets businesses choose specific invoices to fund against, unlocking working capital based on what your customers owe you. Also referred to as spot factoring or single invoice finance, this type of funding is a cost-effective solution for business owners who don't want to raise their entire sales ledger.

This helps companies maintain healthy cash flow and mitigate seasonal fluctuations and dips in working capital.

After advancing an invoice, a huge percentage of the invoice value gets released instantly, so there’s no need to wait for lengthy payment terms.

Penny offers selective invoice finance for sole traders and small businesses. Unlike other UK selective invoice finance providers, we buy 100% of your invoice for a small fixed fee.

Registering and submitting an invoice with us takes less than 10 minutes. You’ll receive funding within 24 hours for new users, and once you’re up and running, you can get the funds in as little as two hours.

You get working capital when you need it most, and we offer different options for repayment. It’s that simple.

• Flexibility: Choose which invoices you want to finance.‍
• Speed: Unlike traditional bank loans, with Penny you can get the funds in as little as two hours.‍
• Improved cash flow: Access funds quickly to manage operating expenses.‍
• Control: Maintain control over customer relationships and which invoices are financed.‍
• No long-term commitment: Use our service as needed without long-term contracts.

No, one of the key benefits of selective invoice finance is the ability to choose which invoices to finance. This allows you to manage your cash flow according to your business’ needs.

At the moment, we offer selective invoice financing for HMRC-registered businesses in England, Scotland, and Wales.

We help both limited companies and sole traders boost their cashflow with UK selective invoice finance so they can achieve the growth they’re looking for.

Selective invoice finance can benefit businesses of all shapes and sizes who want to improve their cash flow. It’s particularly useful if your business:

• Is experiencing seasonal fluctuations in sales
• Is in a growth phase
• Has contracts with lengthy payment terms
• Faces unexpected costs

We support a variety of businesses operating across all industries with our selective invoice finance software.

This includes but is not limited to construction, haulage, and contracts with local authorities.

Unlike many providers, we don’t charge setup fees or monthly service fees. This means you only pay a percentage fee based on the value of your chosen invoice.

Traditional invoice factoring typically involves financing all invoices and often requires a long-term commitment and monthly fees.

Meanwhile, our selective invoice finance solutions let business owners choose individual invoices to finance, offering more flexibility and control.

We offer a confidential option where your customers won’t know that you’re financing their invoices. This is also known as confidential invoice discounting.