Invoice finance turns unpaid receivables into immediate cash. Issue an invoice on 30, 60, or 90 days; draw against it the same week. Novara structures both selective and full-ledger facilities through specialist debtor financiers — the right shape depending on how much of your book you want to fund and how much control you want to keep.
The asset is your accounts receivable. The choice is how much of the ledger you want to fund — and how visible the financier is to your customers.
Fund individual invoices as needed — pick the customer, pick the invoice, draw against it. Confidential in most arrangements; the customer pays you on normal terms and you settle the financier separately. Suits operators with selective cashflow needs and strong customer relationships they don't want to disturb.
The financier funds your entire receivables ledger on a rolling basis. As you issue invoices, you can draw down. As customers pay, the facility cycles. Often disclosed (the customer is aware), with higher advance rates and lower per-dollar pricing than selective. Suits established operators with consistent invoicing.
The product is built for businesses where the gap between doing the work and getting paid creates real cashflow stress — or real growth-rate ceilings. If your customers pay 30 days, it's optional. If they pay 60–90, it's transformational.
A wholesale distributor approached Novara to fix a cashflow ceiling. Customers paid on 60 days, but suppliers wanted 30. Every additional dollar of growth required matching working capital. The brief: convert the receivables ledger into a rolling drawdown facility and free the operator's bank line for inventory.
We placed a $1.5M full-ledger facility with a specialist debtor financier at an 85% advance rate, settled in under three weeks. The operator immediately drew against six weeks of issued invoices, paid down a short-term overdraft, and freed the bank line for stock orders heading into peak season.
Bank lenders offer invoice-style facilities but rarely compete on price or flexibility against the specialists. ScotPac, Octet, Earlypay, and a tier of private debtor financiers run purpose-built books with deeper appetite for SME invoicing, faster onboarding, and more flexible advance rates. Choosing the right specialist for your ledger profile makes a meaningful pricing difference.
Selective or full-ledger. Confidential or disclosed. Speak with our team about which structure fits your ledger and which lender will price it sharpest.