Invoice finance guide
Selective invoice finance
Selective invoice finance may suit a business that wants to fund specific invoices or customers rather than the whole debtor book.
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What selective invoice finance means
Selective invoice finance, sometimes called single invoice finance or spot factoring, is usually focused on particular invoices, customers or transactions.
It may be useful where a business has a large invoice, a specific cash-flow gap or does not want a whole-turnover facility.
What lenders may review
Lenders may look at the invoice value, debtor quality, customer confirmation, payment terms, disputes, delivery evidence and the wider business position.
A strong customer and clean evidence can make the enquiry easier, but criteria vary by lender.
When a full facility may fit better
If the business regularly needs cash from its debtor book, a full invoice finance facility may be more efficient than funding single invoices repeatedly.
How Jolt makes the next step easier
You do not need to know the perfect lender at the first step. Jolt looks at the funding purpose, timing, documents and likely route, then helps shape the enquiry around lender appetite.
Start with the amount, what the money is for and how quickly it is needed. If the route is not obvious, the enquiry can still be reviewed without turning this page into another form.
Selective invoice finance FAQs
Is selective invoice finance the same as factoring?
It can be a form of invoice finance, but it is usually focused on selected invoices rather than the whole debtor book.
Can one large invoice be funded?
Some lenders may consider it where the invoice, customer and evidence are strong enough.
Will the customer be contacted?
That depends on the lender and structure. Customer confirmation is common for some facilities.
What documents help?
The invoice, delivery evidence, customer terms, bank statements and company information are useful.