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Check your eligibility for Selective Invoice Finance
What is Selective Invoice Financing?
Selective Invoice Finance, also known as spot factoring, selective borrowing or Single Invoice Finance, allows you to release funds early from one or multiple unpaid invoices. It’s a convenient way to boost your cash flow, without being tied into a contract.
Invoice Finance Manager
Invoice Finance Manager is our Selective Invoice Finance platform suitable for businesses looking to enhance their cash flow. Connect your accounting software to our online platform, access a range of useful tools, and inject money into your business as and when you need it.
To be eligible for our Invoice Finance Manager platform, you should:
To be eligible to fund invoices, you must meet all eligibility criteria and you should have:
No- we only base our risk assessment on the strength of your business and customers.
Although we review your personal credit files as part of our checks, it won’t affect your credit score or ability to get personal finance.
Yes, you can still use our Credit Control and Risk Insight features even if you aren’t eligible to fund invoices.
Providing you are a limited company, invoice other UK businesses, and have a compatible accounting software package – you can start using Invoice Finance Manager.
If you are using our Flexible Funding feature, we’ll contact your debtors as part of our verification process- at that stage we make it clear you’re working with us.
We understand that the relationship between you and your clients is one of the most important aspects of running your business. During the onboarding process, our dedicated team will make sure that you are aware before we contact any of your customers.
You need to connect your accountancy software to access our platform and its features. By connecting, you can:
We see a ‘read-only’ view, so we can’t edit the data in your accounting software.
Unfortunately, you won’t be able to use Invoice Finance Manager without a compatible ASP. View a list of compatible accountancy software packages (PDF, 80KB).
If you’re an existing Lloyds Bank or Bank of Scotland customer, register for a free 3-month trial of our accounting software – Business Finance Assistant*.
Over the last 25 years, Westaway Sausages has transformed from a startup company to one that leads in innovation and performance in the competitive meat products sector, with support from Lloyds Bank.
Optimise your cashflow further by funding your whole sales ledger, and free up time by outsourcing your sales ledger management and reconciliation to us.
Business Finance Assistant
*You must have a Lloyds Bank or Bank of Scotland Business Current Account to use Business Finance Assistant. You will need to be registered for Online for Business (Business Internet Banking if you are a Bank of Scotland customer), or Commercial Banking Online to continue using this product beyond the trial period. Public limited companies are not currently eligible.