Invoice Finance

GRID’s Invoice Finance facility is a short-term finance solution that allows you to draw cash from the invoices you have raised.

What Type of Businesses Use Invoice Financing?

Wholesale & Distribution | Professional Services | Recruitment | Security Firms

Printing & Publishing | Logistics | Manufacturing | Construction

Invoice Finance

GRID’s Invoice Finance facility allows you to draw cash from the invoices you have raised. You can release a percentage of the value of your invoices, and have the advanced cash in your account by the next working day. Invoice Finance is a flexible opportunity to put your own company on a strong footing, particularly during stages of growth.

Use of Funds

You can use an invoice finance for many purposes, including:

  • Improve cash flow
  • Pay other suppliers promptly
  • Manage seasonal demand
  • Mitigate late payment
  • Alarm systems.
Benefits

Some of the benefits of invoice discounting include:

  • You can grow your business by putting cash to work instantly
  • Release cash trapped in your invoices
  • Improved liquidity
  • Extend payment terms with confidence.
How it Works

You conclude a Factoring Framework Agreement with us and we commit to purchasing accounts receivable from you. We verify your customers credit ratings and for each one we define a maximum value for the accounts receivables we will purchase. Each day you send us the invoices that you have assigned to us and if the receivable is within the defined maximum value we make payment to you within 24 hours. If the customer does not pay by the due date we commence a pre-agreed collections process. We keep you informed at all times so that you always have the opportunity to intervene to preserve your relationship with your customer.

Apply Now
1

Request a

2

Get Approved

Approval within 24 hours.

3

Get Financed

The GRID team will work with our partners to get you financed.

Are you an accountant or business advisor with clients seeking funding?

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Trust and Security at GRID Business

We take security and privacy very seriously here at GRID Finance. We employ best in class practices and our site security is verified by independent security auditors

Funds

Customer funds are safely held within a central bank of Ireland regulated bank account and can never be accessed through the GRID Finance platform.

Data Security

GRID Finance are committed to ensuring that your data is secure at all times by adhering to the data protection laws (1998, 2003) and the European Union e-Privacy directive which became law in Ireland in 2011.

SSL Encryption

Your information is encrypted right from registration. We use the latest 256-bit encryption to ensure that your information is always safe.