what is factoring

With Invoice Factoring, you don't have to wait for your customers to pay

If you trade with other commercial businesses where invoicing is done in arrears, with payment terms of up to 120 days of the invoice date, then factoring could be a good option for growing your business.

Factoring is a flexible funding solution for businesses looking to improve cash flow by releasing working capital from outstanding invoices. Not having to wait up to 120 days for payments helps you continue to plan and grow your business.

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Watch our Invoice Factoring video to see how it works

Factoring is a quick and easy way to release cash that's tied up in your customers' outstanding invoices, allowing you to access your funds earlier. To find out how factoring works and how it can help your business, watch our short video.


what is factoring

You can receive payment within 24 hours of invoicing your customer

You’re basically selling your invoices to us, so you can receive up to 90% of the invoice value payment within 24 hours of invoicing your customer. When the invoices are due, we will manage the payments from your customers.

Factoring helps improve your cash flow and provides efficiency because we manage your sales ledger, credit control and collect payment from your customers.

 

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benefits of invoice factoring

Factoring is suitable for you if you:

  • Provide goods and services to other businesses
  • Cannot or do not want to wait for 30,90,120 + days to be paid by your customers
  • Are experiencing high growth or simply want to alleviate the pressure of tight cash flow
  • Are a start-up or an established business
  • Don't have time to focus on building strong reporting and accounting business processes and would rather focus on running your business and looking after your customers


Benefits of Invoice Factoring

  • Offers a fast, flexible source of funding which grows in line with your business sales
  • Improving your cash flow means you can spend more time focused on growing your business rather than chasing payment
  • You get access to cash in 24 hours
  • Access to local decision makers who understand the requirements of your business

  • Up to 90 percent of your invoice is advanced to you - when we receive payment from your customer, you receive the remainder
  • We can take on the role of your credit department or be as discrete as you want - your customers don't even need to know you work with us
  • We offer Credit Insurance and Bad Debt Protection for your peace of mind


How Factoring Works

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Invoice your customers

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We pay up to 90% of the value of your invoice

Within 24hrs, allowing you to pay your staff, suppliers and take on new orders

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We collect payment on your behalf

Leaving you to focus on running your business

payment

You receive the remainder of the invoice value

Minus any agreed fees