Invoice finance | Electrical contractors
Invoice finance for electrical contractors
Broker-led invoice finance for electrical contractors working with stage billing, certification, retentions and completion evidence.
Definition
Invoice finance for electrical contractors
Electrical contractors often have to pay labour, materials, plant hire and subcontract costs long before a project is fully settled. When work is billed in stages, certificates are issued later, or a retention is held back, cash can become tied up in completed work rather than available in the bank. Ocean Capital Exchange is a commercial finance broker, not a lender, so the role is to help assess whether invoice finance may suit the way your contracts are structured, and to connect you with providers whose appetite matches the nature of your receivables. The key point is that invoice finance is not a blanket solution for every invoice or every contractor. Eligibility depends on whether the debt is a genuine business-to-business receivable, whether the invoice is valid and undisputed, and whether the supporting paperwork shows what has been done, when, and on what contractual basis.
Invoice finance is a form of receivables funding: a provider advances an agreed percentage of the value of eligible business-to-business invoices, then releases the remainder, less its charges, once the customer pays.
It is not a term loan with a fixed repayment schedule. The amount available moves with the sales ledger: as new eligible invoices are raised, more funding can become available; as customers pay, the advances are settled.
Providers typically focus on the creditworthiness of the customers paying your invoices, so your business's own credit profile may carry less weight. They still assess your business, invoice quality, payment history and customer concentration.
There are two main forms. In factoring, the provider normally manages the sales ledger and collects payment from customers. In invoice discounting, the business normally keeps its own credit control and customers pay into an account the provider controls.
At a glance
- Funded against
- Eligible, undisputed invoices raised to business customers
- Main forms
- Factoring and invoice discounting
- Advance rate
- Set by the provider for each facility; not a fixed percentage
- Charges
- Typically a service fee and a discount charge, plus any other fees in the contract
- Recourse
- Under most facilities the business remains responsible if a customer does not pay
- OCE’s role
- Introducer to third-party finance providers; not a lender
How invoice finance works for electrical contractors
Invoice finance releases cash against unpaid business-to-business invoices that have already been issued and that the provider accepts as eligible. In practice, the provider is funding the receivable, not the physical job. For an electrical contractor, that means the timing of certificates, applications for payment, completion records and any retention provisions all matter. If the job is only partly complete, or if the contractual documents do not clearly show that the debt is due, the receivable may not qualify. The provider will also look at the debtor, because the customer's ability and willingness to pay is central to the risk assessment.
The two main operating styles are factoring and discounting. With factoring, collections are normally handled by the provider, which can suit businesses that want an outsourced ledger and debtor chasing. With discounting, the contractor usually keeps credit control, so customer relationships remain in-house. Spot factoring is narrower again and can be used for selected invoices only. None of these structures is automatically right for every contractor. The right choice depends on how often you invoice, how complex the payment terms are, and whether your contracts involve certificates, deductions or retentions that need specialist review before funding can be considered.
Certification, retentions and completion evidence
Construction-style payment chains can be more complicated than a standard trade invoice. A provider may need to see evidence of completed work, copies of applications for payment, certificates, payment notices, contractual terms and any correspondence that shows the receivable is valid. Retentions may reduce the amount that can be funded or delay funding on part of the invoice until the retention is no longer at risk. Set-off rights can also matter if the customer is entitled to deduct costs, defects or delays from what is otherwise due. These details do not just affect pricing discussions; they affect whether the receivable is suitable at all.
That is why an application or valuation should never be treated as automatically financeable. Even where the electrical work is finished, a provider may decide that the debt is not yet enforceable, or that only the certified and undisputed portion can be considered. Completion evidence helps, but it must align with the contract and the debtor's payment process. OCE's role as a broker is to help surface those practical issues early, so that a provider is approached with a clearer picture of what has been done and what documents support the invoice.
Costs, recourse and the risk of dispute
Invoice finance is not free cash. There are charges for the facility and there may be additional costs linked to debtor management, administration or funding of individual invoices. The most important commercial risk is that the debt may later prove to be disputed, unpaid or otherwise not recoverable under the agreed terms. In recourse arrangements, the business may need to buy back or replace invoices that are not paid in line with the provider's criteria. That means cash flow needs to be planned carefully, especially if your business relies on a handful of major contractors or public-sector payers.
A provider will also test how concentrated the ledger is, how many invoices relate to the same debtor and whether the contractual terms create unusual exposure. Availability does not automatically increase just because turnover has grown. If a business has more turnover but also more complex payment terms, more retentions, or more reliance on one or two payers, the facility may still be limited by those risks. A broker can help explain where the practical pinch points are before you invest time in a full application.
Why electrical contractors use a broker-led review
Electrical contracting businesses can look similar from the outside but have very different receivable profiles. One contractor may work on short-run maintenance jobs with straightforward invoices. Another may be on staged project work with certificates, payment notices, retentions and final account adjustments. Another may work for public-sector or commercial clients with very different approval processes. A broker-led review helps compare those structures against provider appetite rather than assuming one product will fit all. That is especially important when some invoices are financeable and others are not.
OCE does not lend and does not assume that every unpaid invoice will qualify. Instead, the starting point is to understand the debtor, the contract, the stage of completion, the evidence available and how any credit control or collection work needs to operate. From there, it becomes possible to compare factoring, discounting and selective funding in a way that reflects how electrical contractors actually work, rather than treating all receivables as the same.
Suitability
Which businesses it tends to suit
Eligibility is assessed on the quality of the receivable as well as the strength of the business. Providers will usually want to review invoices, contract terms, debtor details, proof of completion, payment notices, any certificates, dispute history, concentration levels and the way credit control is managed. In construction-related electrical work, retentions and set-off rights need particular attention because they can affect whether the debt is enforceable and how much, if any, can be funded. If a receivable is not clearly valid, if the debtor is not appropriate, or if the paperwork is incomplete, the invoice may be rejected even when the underlying work was real. OCE can help you prepare the information a provider is likely to ask for, but the final decision always sits with the funder. Invoice finance is built around a sales ledger of business customers. Whether it fits depends less on your sector than on how you invoice and who owes you money.
Usually a fit
- Businesses that invoice other businesses on credit terms and regularly wait weeks or months to be paid.
- Growing businesses whose sales are rising faster than cash comes in, so working capital is stretched by success rather than by losses.
- Wholesalers, distributors, manufacturers, recruiters and service firms that must pay suppliers or staff before their customers settle.
- Businesses that would value help with collections, where factoring and an outsourced credit control function may be appropriate.
Usually not a fit
- Businesses selling mainly to consumers, or taking payment at the point of sale. There is no business receivable to fund.
- Pre-payments, deposits and invoices raised before goods or services have been delivered, which providers generally treat as ineligible.
- Ledgers with significant disputed, contra or long-overdue debts, which are usually excluded from the funding calculation.
- Ledgers heavily concentrated on one or two customers, unless a provider agrees a concentration limit that suits the business.
Process
How invoice finance works for electrical contractors
For electrical contractors, the process needs to reflect the business and its funding purpose. The mechanics vary between providers and between factoring and discounting, but the cycle for a single invoice usually follows these stages.
- 01
Invoice issued
You deliver goods or complete services and raise a valid invoice to your business customer in the normal way.
- 02
Provider checks eligibility
The invoice is notified to the provider, which checks it is eligible and that it sits within the customer’s credit limit and your overall funding limit.
- 03
Agreed advance paid
The provider pays you the agreed percentage of the invoice value. The balance, the retention, is held back until the customer pays.
- 04
Customer pays
Your customer pays into the agreed collection account, which is normally controlled by the provider. In factoring the provider chases payment; in discounting you usually do.
- 05
Reconciliation
The provider applies the payment against the advance and deducts its charges, such as the discount charge and service fee.
- 06
Balance released
The remaining balance is released to you. If the customer does not pay within the agreed period, a recourse facility can require you to repay the advance.
Protection against customer insolvency (bad debt protection) is not included by default. It is only available where a provider separately agrees it, usually for an additional charge and subject to limits.
Comparison
Factoring, invoice discounting and spot factoring
All three release cash against invoices. Spot factoring focuses on individual or selected invoices, rather than an ongoing ledger facility. Compare how each option handles collections, customer relationships and reporting.
| Factoring | Invoice discounting | Spot Factoring | |
|---|---|---|---|
| Invoices funded | An ongoing facility covering eligible invoices for the agreed customer or debtor book. | An ongoing facility against an agreed eligible sales ledger. | Individual or selected invoices considered separately, subject to the provider's approval. |
| Who collects payment | The provider normally manages the sales ledger and collects from customers. | The business normally keeps its own credit control and collections. | The provider usually collects payment for the selected financed invoices, under the agreed terms. |
| Customer awareness | Customers usually deal with the provider and will be aware of the arrangement. | Can be arranged on a confidential basis only where the provider agrees. Confidentiality is not automatic. | Customers are usually notified of the payment arrangements for the financed invoices. |
| Internal resource needed | Lower; useful where the business has no dedicated credit control. | Higher; the business needs reliable credit control and reporting. | The business manages the rest of its ledger; provider support applies to the financed invoices. |
| Reporting to provider | Provider sees the ledger directly as it manages it. | Regular ledger reports, reconciliations and periodic audits by the provider are common. | Invoice details, debtor information and supporting evidence are assessed for each selected invoice. Checks vary by provider. |
| Typical fit | Smaller or fast-growing businesses wanting collections support. | Established businesses with robust financial controls. | Businesses with occasional cash-flow gaps or larger invoices, rather than an ongoing ledger-funding need. |
In practice
Funding needs for electrical contractors
These are some of the practical funding challenges to discuss when considering invoice finance.
- Stage billing can create a timing gap between work done and cash in
- Electrical contractors rarely invoice in a simple single-step cycle. A project may be broken into design, first fix, second fix, testing, commissioning and handover, with each stage needing its own evidence before payment becomes due. Even where the practical work has been completed, the contractor may still be waiting for certification, a payment notice or sign-off from the main contractor or client. That creates pressure on payroll, materials, VAT planning and supplier payments. Invoice finance can sometimes help bridge that gap, but only if the receivable is suitable and the provider is comfortable with how the contract is documented.
- Certification, payment notices and retentions change what is actually financeable
- In construction-related work, an application for payment or a valuation is not automatically an enforceable receivable. A provider will usually want to understand whether the invoice has been certified, whether any payment notice has been issued, whether there are rights of set-off, and whether part of the value is being retained until completion or defects are resolved. Retentions and disputed items can reduce what is available for funding, and they can also affect how the provider assesses the whole ledger. If completion evidence is incomplete or the contract wording is unclear, the invoice may not fit the provider's criteria even if the work itself is genuine.
- Debtor quality matters as much as your own trading record
- With invoice finance, the strength of the end customer or main contractor is important. A provider will look closely at debtor credit, payment history, concentration risk and any contractual terms that affect collectability. Your own credit profile still matters, but it is not the only factor. A business with strong turnover can still be declined for certain invoices if the debtors are concentrated, the paperwork is weak, or the terms allow heavy deductions. Equally, some receivables may be financeable while others are not, which is why a careful invoice-by-invoice review matters.
Imagine an electrical contractor has completed a stage of a commercial fit-out and has issued an invoice supported by work records and progress evidence. The customer has not yet paid, and part of the value is subject to a retention. The contractor wants to know whether invoice finance could help bridge the gap while waiting for certification and final settlement. A broker would first look at whether the receivable is genuinely due, whether the documentation is complete, whether there are any disputes or set-off rights, and whether the debtor is a business payer rather than an individual self-funder. A lender or funder may then make an entirely different quote after reviewing the financials, the contract terms and the debtor profile. This is a hypothetical operational scenario only, not a promise of funding, and no numeric rates, advance levels or timescales are implied.
Assumptions
- The invoice relates to an eligible business-to-business receivable and not a consumer debt.
- Supporting documents exist for the work completed, but certification, retentions or completion evidence still need specialist review.
Illustrative example only. You may receive an entirely different quote after a lender reviews your financials and funding requirements. Approval and terms are subject to provider assessment.
Weighing it up
Benefits and material limitations
Consider both the potential benefits for electrical contractors and the product risks below.
Benefits
- Match funding to the structure of the receivable
- Invoice finance can be arranged in different ways depending on how you want debt collection handled and how the invoices are raised. Factoring normally includes collections, so the finance provider takes on the ledger administration and follows up the debtor. Discounting normally leaves credit control with the business, which may suit contractors who want to keep customer contact in-house. Spot factoring is more selective and focuses on particular invoices rather than a whole ledger. For electrical contractors, that flexibility can be useful where some projects are straightforward and others involve complex certification or retention provisions.
- Support working capital without waiting for final settlement
- Where an invoice is valid and eligible, finance against unpaid receivables can reduce the strain created by delayed payment cycles. That may help a contractor manage wages, materials and subcontractor costs while waiting for a customer to pay. It can also reduce the need to rely on overdraft usage for every gap in the cash cycle. However, the funding is against eligible invoices, not against every job on site. The practical benefit comes from matching the finance structure to the paperwork and the payment terms in the contract.
- Use a broker to compare structures, not just headline availability
- Because OCE is a broker, the focus is on understanding the shape of the work rather than forcing every contractor into the same product. Some businesses may need factoring because they prefer collections to sit with the provider. Others may want discounting because they already have a well-run credit control process. Others may only want selected invoices funded. That comparison matters because charges, recourse terms, debtor checks and administration style can vary significantly between providers. A broker-led review can help identify where the fit is practical and where a different structure may be better.
Material limitations
- Only eligible invoices are funded
- Disputed, overdue, related-party, pre-billed and some overseas invoices may be excluded, so the usable amount can be well below the ledger total.
- Customer and concentration assessment
- Providers set credit limits per customer and may cap exposure to large customers, restricting funding on your biggest accounts.
- Recourse
- If a customer does not pay, the business usually has to repay the advance. Bad debt protection only applies if separately agreed.
- Fees and minimum terms
- Contracts can include minimum fees, minimum periods, notice periods and termination charges, which matter if you later want to leave.
- Guarantees and security
- Providers may require personal guarantees, indemnities or debentures where agreed in the facility.
- Confidentiality is not automatic
- Customers may learn of the arrangement, particularly under factoring, or if the provider needs to collect directly.
Why Ocean
Invoice finance that fits the way you trade
The advance percentage is only part of the decision. Ocean helps you consider the type of invoice facility, your customers and the way you want to manage collections before introducing relevant providers from our panel.
Industry context, not just an application form
We discuss how your business trades, when money comes in and what the funding must achieve, so sector-specific cash-flow pressures form part of the conversation.
Access to a wide panel
Ocean works with a wide panel of third-party lenders and specialist finance providers. That gives you options beyond one bank's product range, subject to provider appetite and eligibility.
The product should fit the business
We help establish whether a loan, invoice facility, asset funding or another structure fits the requirement, rather than starting with whichever product a single bank has available.
Compare the terms that matter
Look beyond a headline rate. We help you understand the fees, repayment pattern, security, guarantees and exit conditions relevant to the options being discussed.
Less repeated legwork
A central point of contact helps organise the initial enquiry and information for relevant providers. It can reduce repeated explanations, although lenders may still require their own applications and checks.
Help asking the right questions
We help clarify what providers need and what to check before proceeding. You retain control of the decision and can take independent legal, financial or tax advice where needed.
For this product
Consider factoring, discounting or selected invoices
A growing recruitment business funding payroll may need a different facility from a supplier financing one invoice. We discuss customer concentration, payment terms, credit-control capacity and whether selected invoices or a wider sales ledger should be considered. The provider assesses eligibility, including the quality of the invoices and customers.
Ocean Capital Exchange acts as a broker and introducer, not a lender. We do not make lending decisions or guarantee that a provider will make an offer. Introductions are limited to providers available through our panel; each provider sets its own eligibility, terms and credit decisions.
Meet the Ocean team · Read our company and provider disclosures
Due diligence
What providers assess
Eligibility is assessed on the quality of the receivable as well as the strength of the business. Providers will usually want to review invoices, contract terms, debtor details, proof of completion, payment notices, any certificates, dispute history, concentration levels and the way credit control is managed. In construction-related electrical work, retentions and set-off rights need particular attention because they can affect whether the debt is enforceable and how much, if any, can be funded. If a receivable is not clearly valid, if the debtor is not appropriate, or if the paperwork is incomplete, the invoice may be rejected even when the underlying work was real. OCE can help you prepare the information a provider is likely to ask for, but the final decision always sits with the funder.
- Your customers' creditworthiness
- Providers typically review the creditworthiness of the customers paying your invoices. This can carry more weight than your business's own credit profile, although your business, invoices and sales ledger are still assessed.
- Aged debt profile
- How quickly customers pay and how much of the ledger is overdue.
- Concentration
- How much of the ledger depends on a small number of customers.
- Disputes and credit notes
- The level of disputes, contra trading and credit notes, which affects how reliably invoices convert to cash.
- Contract terms
- Whether customer contracts allow assignment of debts and whether invoices are raised only after delivery.
- Business financials
- Accounts, management information and existing security held by other lenders.
Information often requested
- Aged debtor and aged creditor reports
- Recent filed accounts and current management accounts
- A sample of customer contracts or terms of trade
- Details of existing borrowing and any charges registered over the business
- Bank statements
The documents list is indicative. A provider may ask for more, or less, depending on its process. Ocean Capital Exchange does not make lending decisions. There is no single published set of eligibility rules. Each provider carries out its own due diligence and applies its own criteria, including any turnover or trading history thresholds. Areas commonly reviewed include:
Pricing structure
Costs and repayment
For electrical contractors, a quote should reflect the specific funding requirement. Invoice finance pricing is quote-specific. We do not publish rates because there is no standard rate: pricing depends on the provider, your ledger, your customers and the facility structure. The cost components to look for are:
- Service fee
- A charge for administering the facility, often calculated as a percentage of invoice value or turnover, sometimes with a minimum annual amount.
- Discount charge
- The cost of the money advanced, usually calculated daily on funds drawn, often expressed as a margin over a reference rate.
- Set-up and arrangement fees
- One-off charges for establishing the facility, where the contract includes them.
- Minimum usage or minimum fees
- Charges that apply if your volumes fall below an agreed level.
- Audit and ancillary fees
- Charges for periodic ledger audits, same-day payments, refactoring overdue debts or credit checks, where applicable.
- Termination fees
- Charges for leaving before the end of a minimum term or without the required notice.
Repayment and settlement
- Advances are normally settled from customer payments rather than by scheduled repayments from your bank account.
- Charges are typically deducted from the retention before the balance is released.
- Where a customer does not pay within the agreed period, a recourse facility can require you to repay the advance, or the provider may deduct it from other funds due to you.
- Exiting a facility usually means settling outstanding advances, which can require refinancing or a run-off of the ledger.
Checklist for comparing quotes
- 1.Advance rate and how eligible debts are defined
- 2.Service fee basis and any annual minimum
- 3.Discount charge basis and reference rate
- 4.Concentration limits and customer credit limits
- 5.Recourse period and treatment of overdue invoices
- 6.Minimum term, notice period and termination charges
- 7.Guarantees, indemnities and security required
Worked illustration
Invoice finance calculator for electrical contractors
New to invoice finance? Choose Quick estimate, enter your outstanding invoice value and explore factoring, invoice discounting or spot factoring with clearly labelled example assumptions. Providers typically focus on your customers' creditworthiness, so your business's own credit profile may carry less weight. Your business and invoices are still assessed, and the profiles illustrate the overall funding scenario rather than your business's credit alone. Already have provider figures? Choose Compare my quote to enter the exact advance percentage, charges and payment terms. Estimates are illustrations, not lender offers.
Illustrative example only
Your actual quote may be entirely different after a lender or finance provider reviews your financial information and funding requirements. These figures are not a lending decision or an offer of finance.
Your estimate
Enter your outstanding invoice value to see an estimate.
0 of 1 required figures entered
Advance, charges and retention
Enter your invoice amount, advance rate, service fee, annual discount charge, days until customer payment to see the breakdown.
2 of 7 required figures entered
Illustrative only, not a binding finance offer. Costs vary by lender and applicant; additional fees may apply and eligibility is subject to assessment. Ocean Capital Exchange is an introducer, not the lender. Invoice collection, debtor quality, recourse and facility-wide minimum charges are not assessed. How this calculator works.
Discuss your requirements with the OCE team. No calculator figures are required.
Want to discuss these figures? Contact OCE. Calculator figures are not transferred automatically, so please include any you want us to review.
Industry guides
Finance for your industry
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Invoice finance FAQs for electrical contractors
Still unsure? Call +44 20 7183 2026.
Can stage payments be financed before final completion?
Sometimes, but only where the stage invoice is a valid and eligible receivable and the provider is comfortable with the contract structure. For electrical contractors, completion evidence, certificates, payment notices and any retention provisions can all affect whether the invoice is financeable. A stage claim that is still under review, disputed or not yet enforceable may not qualify.
Do retentions stop invoice finance completely?
Not always, but they do make the assessment more complex. A retention may be excluded from funding, delayed until later, or treated differently from the rest of the invoice depending on the provider's appetite and the contract terms. The key issue is whether the retained sum is genuinely due and whether the provider is prepared to accept the risk attached to it.
What is the difference between factoring and discounting?
Factoring normally includes collections, so the provider manages debtor chasing and ledger administration. Discounting normally leaves credit control with the business, so you keep customer relationships in-house. Both are forms of funding against unpaid invoices, but they differ in who handles collections and how visible the arrangement is to the debtor.
Why does debtor quality matter so much?
Because the provider is taking risk against the invoice, not just against your trading history. A strong debtor with a clear payment record can make a receivable more suitable than a weaker debtor with uncertain payment behaviour. Concentration, disputes and contractual deductions also matter, so the assessment looks at the whole ledger rather than your turnover alone.
Can I fund every invoice once my business is established?
No. Availability does not automatically grow with turnover, and not every invoice will be eligible. Providers will still review the debtor, the contract, the paperwork, any disputes, any retentions and the business's credit control process. Some invoices may qualify while others do not, especially where the payment chain is complex.
Will invoice finance help if a customer is slow but not disputing the work?
It may help if the invoice is valid, undisputed and within the provider's criteria. Slow payment alone does not guarantee acceptance, though, because the provider will still look at the debtor's credit, the contract terms and the supporting evidence. If the receivable is not clearly enforceable, funding may still be declined or limited.
What is the difference between factoring and invoice discounting?
In factoring, the provider normally manages your sales ledger and collects payment from customers. In invoice discounting, your business normally keeps its own credit control, and customers pay into an account controlled by the provider. Discounting generally needs stronger internal controls and reporting.
How much of an invoice can be advanced?
Each provider sets its own advance rate for each facility, based on its assessment of your customers and ledger. There is no universal figure. The advance applies only to invoices the provider treats as eligible.
Whose credit profile do providers assess, and what documents will I need?
Providers typically focus on the creditworthiness of the customers paying your invoices. Your business's own credit profile may therefore carry less weight than it would for a traditional business loan, but it is not ignored. Providers still review your financial position, customer payment history, overdue invoices, customer concentration, disputes, credit notes and contract terms. Expect to be asked for aged debtor and creditor reports, accounts, management accounts and sample customer terms. Exact requirements are provider-specific.
Will my customers know I am using invoice finance?
Under factoring, customers will usually know because the provider collects payment. Invoice discounting can be arranged on a confidential basis, but only where the provider agrees, and confidentiality can be withdrawn under the facility terms, for example if the provider needs to collect directly.
What happens if a customer does not pay?
Most facilities are with recourse: if an invoice remains unpaid beyond the agreed period, you must repay the advance or the provider deducts it from other funds due to you. Protection against a customer’s insolvency is only included where separately agreed, usually at extra cost and subject to limits.
Do I have to finance my whole sales ledger?
Many facilities cover the whole ledger. Some providers offer selective or single-invoice arrangements that fund chosen invoices or customers. Whole-ledger facilities and selective facilities are priced and structured differently, so compare like with like.
Which fees should I compare between quotes?
Compare the service fee and any annual minimum, the discount charge and its reference rate, set-up fees, audit and ancillary charges, minimum usage terms, the minimum contract period and termination fees. The headline advance rate alone does not show the total cost.
How are advances repaid, and when do I receive the retention?
Advances are usually settled from your customers’ payments into the collection account. The provider then deducts its charges from the retention and releases the balance to you. Timing of releases depends on the facility terms.
Can invoices in foreign currency be financed?
Some providers will fund export invoices or invoices in other currencies, subject to their criteria for overseas customers. Invoice finance does not by itself protect you from exchange rate movements between invoicing and payment; currency risk should be considered separately.
How is the calculator result worked out?
The advance is the invoice multiplied by the advance percentage. The discount charge is the annual rate applied to the chosen basis (the advance or the full invoice) for the days outstanding on a 365-day year. The service fee is a percentage of the invoice. The retention released when your customer pays is the invoice less the advance and charges deducted at settlement. All figures are illustrative.
Independent background reading
These independent sources explain general concepts. They do not endorse Ocean Capital Exchange or confirm our providers, product availability or terms. Your provider’s agreement takes precedence over an illustration.
Important information
Ocean Capital Exchange Ltd introduces businesses to third-party invoice finance providers. We are not a lender and do not make credit decisions. Any facility is provided under the provider's terms and is subject to its assessment of your ledger and customers.
The calculator illustrates a single invoice using the rates you enter. It is not a quote and actual charges, minimums and fee conventions vary by provider.
Discuss funding for electrical contractors
Talk to Ocean Capital Exchange about invoice finance for electrical contractors. We can help you assess the product fit and discuss your requirements with relevant providers.
- Or call
- +44 20 7183 2026
- Office
- 73 Watling Street, London, EC4M 9BJ