Invoice factoring and purchase order financing for the luxury fashion and beauty industries.

Invoice factoring

Release cash that is currently locked up in outstanding invoices. Rather than waiting 30, 60 or 90 days for an invoice to be paid, we can provide up to 80% of the invoice value upfront within 48 hours of being approved.

By having access to your funds tied up in invoices, known as accounts receivables, you can use this finance effectively to maintain a healthy cash flow and improve working capital for things like marketing, salaries and sampling.

Purchase order financing

Release cash that is guaranteed on an order confirmation from a reputable debtor. We can provide up to 60% of the order value to pay your production costs – directly transferring to your suppliers and manufacturers.

You are not required to sell your entire order book and you may choose to use pay-as-you-go order or invoice finance where you provide a document as and when you see fit, otherwise known as trade finance.

Work

What is the process?

Setup

We begin by requiring some basic information about you and your business including your proof of ID, proof of address and company financials (bank statements, filed financials and management accounts). Once approved, you can begin to upload your orders and invoices for funding.

Order verification

Alongside company credit checks, we seek verification of the order or invoice from the retailer that you are working with i.e. the company who is going to pay your invoice. We verify the details of each invoice by speaking with your customer and confirming all the information including the invoice value, payment terms and delivery windows. Once agreed, we will verify your application and the funds can be released to you within 48 hours, although we regularly transfer funds to your business bank account within 24 hours.

Payment

When it comes to repayment, settlement of your invoice will be paid into Lacuna’s bank account. Please ensure all invoices have our bank details correctly listed. We take out the amount that was advanced plus any fees, then return any excess funds to you.

Work

What is the process?

01

Setup

We begin by requiring some basic information about you and your business including your proof of ID, proof of address and company financials (bank statements, filed financials and management accounts). Once approved, you can begin to upload your orders and invoices for funding.

02

Order verification

Alongside company credit checks, we seek verification of the order or invoice from the retailer that you are working with i.e. the company who is going to pay your invoice. We verify the details of each invoice by speaking with your customer and confirming all the information including the invoice value, payment terms and delivery windows. Once agreed, we will verify your application and the funds can be released to you within 48 hours, although we regularly transfer funds to your business bank account within 24 hours.

03

Payment

When it comes to repayment, settlement of your invoice will be paid into Lacuna’s bank account. Please ensure all invoices have our bank details correctly listed. We take out the amount that was advanced plus any fees, then return any excess funds to you.

Work

Where next

FINANCE

Learn more

Funding