Invoice Financing

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. Show more

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.

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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. Show more

At Lulalend, we know you know your business best. That’s why we provide unrestricted funding of up to R5 million. Apply in minutes and get cash in your account in 24 hours.

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How to apply for Lulalend invoice financing

Apply online at Lulalend Small Business Funding - Step 1

Complete your online application

Apply online at Lulalend Small Business Funding - Step 2

Select how much you need

Apply online at Lulalend Small Business Funding - Step 3

Get approved in 24 hours

Up to R5 million line of funding | Choose 3, 6, 9 or 12 month terms | Apply in minutes

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What will I pay?

We've simplified the lending process with our 6 and 12 Month Plans. Every month you pay back 1⁄6th or 1⁄12th (depending on which plan you choose) of the total advanced amount plus the monthly cost. Monthly Costs are 2% - 6% of your advanced amount for the first 2 or 4 months (plan dependent) and 2% for each of the remaining months. You can pay early and save.

80000
6 months
Total repayment
0
No additional costs
Month Capital payment Cost * Monthly payment due
1 0 0 0
2 0 0 0
3 0 0 0
4 0 0 0
5 0 0 0
6 0 0 0
7 0 0 0
8 0 0 0
9 0 0 0
10 0 0 0
11 0 0 0
12 0 0 0
Total 0 0 0
* Based on average Lulalend Score and credit history — no hidden costs and no early repayment fees.

There's a better way to fund your business

"In the manufacturing industry you often sit in between projects with this lull, so for us cash flow is a huge challenge. Just to get funding or capital as a small business owner is almost impossible. If it wasn't for Lulalend we would have sunk a long time ago because of the bridging gap. We had the turnover and capacity but we couldn't get from month to month on the cash flow going in and out of the company."

Testimonial image
Christiaan Servaas de Wet
Business owner at C and G Fine Art

Why Lulalend?

  • Apply in minutes
  • Transparent, flexible terms
  • Access to finance in 24-hours
  • Customer-centric service
  • Unsecured financing
  • Trusted by local SMEs
  • No long queues or extensive paperwork
  • We say yes more often
Apply now

Why Lulalend?

  • Apply in minutes
  • Transparent, flexible terms
  • Access to finance in 24-hours
  • Customer-centric service
  • Unsecured financing
  • Trusted by local SMEs
  • No long queues or extensive paperwork
  • We say yes more often
Apply now

Invoice Financing FAQs

We're covering the most frequently asked Invoice Financing questions we get from business owners

What is invoice financing?

Invoice financing is short-term financing based on unpaid invoices or accounts receivable.

How does invoice financing work?

Invoice financing is a type of financing that lets businesses borrow money against unpaid invoices. This gives you access to money faster because you don’t need to wait for customers to pay you.

Is invoice factoring a loan?

Invoice factoring could be considered an advance, rather than a loan, because you’re selling the value of your unpaid invoices.

Is invoice financing a good idea?

Invoice finance can be a good way to boost your cashflow. Potentially, you could generate cash for your business whenever you issue an invoice.

What is the difference between invoice finance and factoring?

The biggest difference between invoice finance and invoice factoring is who collects the unpaid invoices. When it comes to invoice financing, you collect the money from your customers. In invoice factoring, the factoring company will buy the invoices from you and handle the collections.

What is the difference between invoice discounting and factoring?

Invoice discounting is a way of borrowing money against your unpaid invoices. You’ll still be in charge of collecting the money from your customers. In invoice factoring, you sell the invoices and the factoring company handles collections.

Get approved for up to R5 million today. No fees, no commitments

Apply now