Invoice Factoring

Invoice Factoring allows businesses to quickly and confidentially release funds tied up in outstanding invoices owed by other businesses, this will provide a large fast boost to cash flow and ease credit control. We can obtain up to 90% of the invoice value less any agreed costs. This can be a cost effective alternative to an overdraft.

What is factoring?

Invoice factoring is available to businesses trading with other businesses on credit terms. The factor will purchase invoices for goods or services and will take charge of the debt, you can then use the money for marketing, paying suppliers, consolidating debt or other business needs. You may still be eligible for invoice factoring even if there is previous bad credit or cash flow problems.

How much does invoice factoring cost?

There are various costs to consider when applying for invoice factoring, There is a regular service fee based on the turnover facility offered usually around 0.75 % to 2.5% Interest on outstanding balance is usually 1.5% to 3% plus the bank base rate. There maybe a charge for each invoice issued and a one off set up fee may apply.

We understand that your reputation is valuable and will ensure your customers are treated fairly.