Venture Finance has launched a new FastTrack invoice discounting service.

The new service aims to help SMEs capitalise on time-sensitive business opportunities and cover temporary gaps in working capital by enabling companies wanting a standard facility to release finance from their assets in a matter of days, to boost cashflow and fund new deal opportunities such as management buy-outs, management buy-ins and mergers and acquisitions.

The service is aimed at companies, with an annual turnover between £500k and £5m and an established, well-run credit-control function that continues to handle debt management.