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What is invoice financing?
If you’re an SME, chances are at some point you’ve had to deal with late payments from customers. Invoice financing is a way to boost cash flow while you wait to get paid. With invoice financing, the lender gives a portion of the outstanding invoices.
However, you'll only be able to access invoice financing if you have outstanding invoices. Lulalend offers business finance based on your business’s real-time performance. It’s flexible funding for any business need.
Is invoice discounting a loan?
When your customers pay their invoices, you’ll need to pay back the loan, plus interest. Invoice finance offers less control than other types of business funding. You’re only eligible for the value of the outstanding invoices.At Lulalend, we know you know your business best. That’s why we provide unrestricted funding of up to R2 million. Apply in minutes and get cash in your account in 24 hours.