Invoice factoring - your cashflow finance solution
Keeping the cash flowing is the most important part of any business, even more so in a recovering economy.
- A secure form of finance
- Access to specialist expertise
- It's finance that grows with you
- Improve your profitability
Get Quoted
Release cash from your invoices with factoring without delay
For a no obligation invoice factoring quote please complete the form on the right
Companies eligible for Invoice Factoring
Invoice finance provides funding against the sales ledger of a
business, providing both an immediate cash injection and an
ongoing supply of worling capital. By providing a percentage
of the value of invoices upfront, invoice finance can ease the
cash flow worries of a business by bridging the gap between
raising an invoice and getting paid.
- Does your business raise invoices to other businesses?
- Is your projected turnover for the forthcoming year more than £50,000?
- Do you offer credit terms between 30-120 days?
- Is your business based in the UK?
Benefits of Invoice Factoring
- Offers an immediate injection of cash
- Offers an ongoing supply of working capital that grows in line
with the business
- Improves cash flow by releasing cash from existing business
assets i.e. invoices
- Frees the client from the burden of chasing customers for
payment, by using credit control and sales ledger
management facility
- Frees up valuable management time, enabling clients to get
on and run their business
- Provides security and peace of mind with bad debt protection
services available
- Offers flexibility - confidential and selective funding solutions
are available.
How Invoice Factoring works in three easy steps
- Step 1 - You invoice your customers for goods and services, and send details of the sales invoice to the factoring provider.
- Step 2 - On receipt of your invoice, the factoring provider will typically release up to 85 per cent of its value within 24 hours of it being raised. The remaining 15 per cent is held until the invoice is paid.
- Step 3 - Your customer pays factoring provider in full. The factoring provider will now release the remaining 15 per cent of the invoice value, minus a small fee.