Get paid early with your unpaid invoices

Invoice discounting is a way for businesses to quickly access funds by using their unpaid invoices as collateral. It helps maintain a steady cash flow and ensures there’s enough money available for business growth without waiting for customers to pay their invoices. 

Any business that supplies goods/services can avail the bill discounting services provided by CredAble. Eligibility and amount of discounting is governed by the creditworthiness of the business and therefore they should be willing to share their financial information and other related documents.

The amount of funding you can get through invoice discounting with CredAble is not capped. The exact amount will depend on your business’s requirements and eligibility. 

Invoice discounting lets businesses use unpaid invoices as loan collateral, providing upfront amount while retaining ownership and often remaining confidential.  

In contrast, factoring means selling unpaid invoices to a third-party, yielding control, offering immediate funds but disclosing the arrangement to customers. It can be more costly but offers convenience and risk mitigation as the factor manages collections, informing customers typically. 

Please note that CredAble currently provides an invoice discounting facility but does not offer factoring services at this time.

The duration for establishing an invoice discounting arrangement can vary, but generally, approval and funding typically take anywhere from 1 to 2 weeks.

With CredAble’s invoice discounting solution, you can choose which invoices to discount once they are approved by us.