Step 1: Invoice
Simply send your invoice to your customers and a copy to us.
Step 2: Recieve Funding
We advance an agreed percentage of the invoice value to you within 24 hours, minus our fee.
Step 3: Customer payment
The remaining percentage is returned to you upon customer payment.
With factoring, the lender also takes on the role of a credit control department. They can chase your invoices in a timely and professional manner- freeing up your time to run your business.
You can also add credit protection to factoring to give you peace of mind over defaults or customer insolvency.
Invoice discounting immediately releases the cash tied up in outstanding business invoices. Usually you will be able to borrow 80- 95% of the gross invoice amounts outstanding.
This facility is kept entirely confidential from your customers, and can help you to meet the everyday financial commitments of your business, such as purchasing and wages.
We get numerous requests for debtor finance from businesses that work under the Energy Companies Obligation / Green Deal scheme and whilst most lenders will not look at funding these we have had success in obtaining factoring in this industry. Indeed in the last...read more
After our success in 2018's Business Moneyfacts Invoice Finance Broker of the Year award we are delighted to have been shortlisted for 2019, sponsored by Lloyds Bank Commercial Services . These awards are highly sought after and represent an excellent cross section...read more
Unpaid invoices can affect the smooth operation of a company. A good way to keep the business running efficiently is to apply for invoice financing. Here are some critical things you need to know about invoice financing: What is invoice finance? Invoice factoring and...read more