Invoice finance carries many advantages over a business loan. As a revolving facility based on the value of the sales, with no fixed repayment period, you have the flexibility to draw down and use the facility only as required by your cash flow demands. There are no fixed fees, such as upfront principal and interest rate charges or repayments that you would usually expect with a traditional type of loan. With invoice finance, you get your cash straightaway with no upfront costs. Fees are only charged as and when an invoice is paid by your customer and that it’s a relatively small value of the invoice face value commensurate with an early settlement discount that you may otherwise offer your customer. Compared to an unsecured business loan, invoice finance is generally a cheaper option that leverages the security of your receivables ledger to shorten your working capital cycle.