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.
During these unprecedented times the Government has announced the Corona Virus Business Interruption Loan Scheme, CBILS. We are already receiving many enquiries of how to access this but at the time of writing there is an information embargo and we must sit and wait....
We have had a number of clients approach us due to their bad debt protection / credit insurance limit being removed on Eddie Stobart Limited and other associated companies. This comes in the wake of the publicised story of financial irregularities and suspension of...
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...