Invoice Factoring
Invoice factoring is a form of invoice finance, with a credit control service. You issue your invoices as normal, then provide a copy to a factoring company, who then collect payment for you. Up to 90% of the value of your invoices is available within 24 hours (you can drawdown as much or as little as you like). The remaining balance is then paid to you, less a service charge, once funds have been received from your customers.
Invoice factoring may be suitable for you if...
You want to focus on growing your business, without worrying about credit control or cashflow constrains.
Advantages of invoice factoring Efficient
For further details, please call 01132 782 444 or complete the 'quick contact
request' form on the right.
You wish to save time and avoid having to chase up unpaid invoices.
You would prefer to focus on customer relationships and increasing sales, leaving credit control and the collection of payments to a third party.
Often quicker and cheaper than collecting debts yourself.
Simple
The factor handles all paperwork, phone calls and collections for you.
Limitless
Funding increases in line with the growth of your business (unlike an overdraft, which is fixed and usually reliant on additional security).
Bad debt protection option
Cover for up to 100% of outstanding invoices, in case a customer goes under whilst owing you thousands of pounds.
Reliable cashflow
You have access to your money as soon as work is completed.
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