What is the Application Process for Invoice Finance?

Every lenders application process looks a little different. Depending on risk appetite and other factors. In this blog, we take a step-by-step look at Apollo's application process.
Close up of an invoice application form

The application process for invoice finance can vary between lenders, influenced by their risk appetite and other factors. However, the key is to find a process that is quick and easy, making sure you get the funding you need as soon as possible.

At Apollo Business Finance, we pride ourselves on our efficient and straightforward application process. Here’s how it works:

1. Initial Enquiry

It all begins with an initial enquiry. You can reach out to us through our website, a phone call, or an email. One of our friendly experts will then get in touch to have a quick chat about your business and funding needs. They’ll also answer any questions you may have and provide preliminary information about our services.

2. Offer letter & application form

After our initial conversation, if you’re happy to proceed, we will send you an offer letter. This letter includes a quote outlining the terms of the funding we can provide. Along with the offer letter, you’ll receive an application form to fill out. This form helps us gather essential information about your business to move forward. To make the process quicker and more streamlined, we issue application forms via Adobe Sign.

3. Submit Completed Forms

Once you’ve completed and returned the forms, our team gets to work. Behind the scenes, we prepare a detailed report based on the information you’ve provided. This report is crucial for our underwriting team to evaluate your application accurately and efficiently.

4. Underwriting

Next, the completed report is submitted to our in-house underwriters. Unlike many traditional lenders, our underwriting process is swift and straightforward. Our experienced underwriters review the application, considering various factors to ensure we provide the best possible funding solution for your business. Thanks to our streamlined approach, we can often provide approval decisions much faster than banks.

5. Legal Documents

Once your application is approved, we move on to the legal documentation phase. We’ll send you all the necessary documents outlining the terms and conditions of the funding agreement. These documents are also issued via Adobe Sign for your convenience. It’s important to review these documents carefully. Once you’re satisfied and have signed the documents, you send them back to us to finalise the agreement.

6. Verification & Payment

The final step involves verifying the debt. This step ensures everything is in order before we release the funds. Once verification is complete, we quickly process the payment, providing you with the funds your business needs. Additionally, we can fund invoices retrospectively, up to 90 days old, offering further flexibility to support your cash flow needs.

If everything goes smoothly, we can provide your business with funding in as little as 3-5 working days. Our application process is designed to be as smooth and efficient as possible, minimising delays and ensuring you get funding quickly.

Ready to get started? Apply for funding today and one of our team members will be in touch!

About Us

Apollo Business Finance is one of the UK’s fastest-growing independent invoice finance lender. We provide businesses of all shapes and sizes with the cash flow support they need to grow, regardless of credit history or past hurdles.

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