Asset Finance Invoice Finance
Up to 90% of the value of your invoices could be in your bank the next working day. Choose to finance some or all of your sales ledger (min amounts do apply)
Invoice Finance or "factoring" is a way of borrowing where a lender advances you money against the value of your invoices as soon as they are issued. This enables you to improve your business cash flow and more easily manage your sales ledger.
You can receive up to 90% of the invoice value within 24 hours which means you’ll never suffer at the hands of late paying customers again.
Invoice Finance is priced similarly when compared to overdrafts
You have more working capital to put back into your business
Factoring adjusts to the needs of your business so there is no need to keep increasing your overdraft or take out additional loans
You’ll know when you’ll be paid, which helps you manage your cash flow
You can react more quickly to market opportunities
The Invoice Finance provider can manage your sales ledger and protect you from bad debts as extra services
We have access to the UK’s leading invoice finance providers
Speak directly to one of our consultants for free, impartial advice
Our specialist consultants can match your business with the best facility for your industry, requirements and working style
We do not charge for arranging your facility
Up to 90% of the value of your invoices can be in your bank by the next working day
Flexible finance – Finance some or all of your sales ledger ( Minimum volumes may apply)
The facility can be disclosed or discrete to your customers
The facility is easy to set up through B2B
Fees for factoring services are two-fold but compare with overdrafts for cost:
Service fees – covers the day to day servicing of your purchase ledger. Normally between 0.5% and 3% of your turnover.
Interest charge – charged against the amount of each invoice. Usually a fixed percent above the factoring company’s base rate.
