When one big invoice is running late and it is the money you were counting on for this repayment, you have a timing gap rather than a genuine shortfall — and timing gaps have easy fixes.
A payment extension is usually enough
If the invoice is genuinely coming, just a few days out, a short extension of the due date is often all you need. It moves the payment to line up with the money, with no change to the rest of the schedule. Request it with the Payment Extension form.
What it costs
Interest continues at 0.25% per day over the extra days, so a short bridge costs only a little, and the 100% cap still applies. That is almost always cheaper than missing the payment and letting arrears build.
If the invoice is not really coming
Be honest with yourself about whether the money will actually arrive. If the customer is themselves in trouble, an extension may not be the right tool, and a payment arrangement that reflects the real position is safer.
Whichever fits, tell us before the payment is due so we can put it in place.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: Can I get a payment extension?, What a late-paying customer means for your loan payments, What options are there if my company cannot pay this month?.