Invoice Factoring Information

If your business needs a quick injection of cash without the strings that come attached to credit facilities, invoice factoring could be the solution you’re looking for. When obtaining an overdraft or loan, company debt increases, interest charges are incurred and security is often required, which can all be unhelpful complications when funds are tight. Invoice factoring is a completely different way of securing funds – a clean financial transaction without any of the restrictions of a credit facility, which provides your business with an immediate financial boost free from any difficulties further down the line.

Invoice factoring is available to any business trading with other businesses on credit terms, and treats a company’s outstanding accounts receivables as a saleable asset. When arranging a transaction, we are able to secure up to 90% of the value of each invoice, a percentage of which you will receive up front as an advance payment. Once the transaction has been arranged, your business is free from the responsibility of chasing the invoice, and the remaining total – minus agreed costs – is paid to you once the invoice has been settled. With invoice factoring, you don’t have to devote any further time to chasing payment of factored invoices, and you don’t have to worry about the reputation of your business either – we understand the value of customer relations, and ensure that all affected clients are treated with fairness and due concern.

We are one of the industry’s leading brokers of invoice factoring transactions, and you’ll find that our fees are some of the most competitive available. In any transaction, you’ll be charged a service fee based on the offered turnover facility, which can be as little as 0.75%. Interest charges are only incurred in the event of delayed invoice settlement, and usually fall between 1.5% and 3.5%, plus the bank base rate. In some cases, there may also be a small charge for each invoice issued or a one-off set up fee, but these rates are also extremely competitive.

If your business needs capital fast, whether it’s for marketing, debt consolidation or paying suppliers, invoice factoring is a simple and effective solution that will ease your cash flow headaches. Unlike a loan or overdraft, invoice factoring is even available to businesses with a history of bad credit or cash flow problems, making it an attractive option to companies that have managed to stay afloat amidst choppy financial waters. If you’re interested in our invoice factoring service, contact us today to arrange a free no-obligation, confidential analysis.