Unlock the cash within your unpaid invoices
you to get paid when you raise your invoices, regardless of when your
customer actually pays you. It takes away all the difficulties of
chasing money and helps remove the worry of not knowing when you
might get paid. Invoice Factoring is a fast, painless way to improve
Invoice finance provides an immediate injection of
cash into the business against invoices, you get the cash to meet payroll,
generate sales, pay suppliers, leaving you to concentrate on the business without funding distractions.
Instead of waiting for customers to pay your invoices, you release
them to the factoring company - and you can draw down up to
90% of the value, immediately. We will then recover the payment from your
customers and pay you the balance less our fee.
You no longer have to wait 30, 60, or 90 days for the money to come
in; you don’t have to operate with unpredictable cashflow; you
don’t need your own in-house credit control and you have the option
to protect yourself against bad debts.
The essence of an invoice finance agreement is as follows:
When a business enters in to an invoice factoring arrangement, it
assigns the sales invoices that it issues to its customers, to a
finance provider. Then, within a period of 24 hours of receiving the
invoices, the finance provider will pay the business up to 90% of the
invoice value in cash. The remaining balance – less the finance providers’ charges – is
then paid to the business once the debt has been collected.
Factoring has the additional benefit, especially for smaller
companies who do not have in-house capabilities, of a full collections
service. Particularly for new businesses, a full factoring facility
ensures that the ledger is professionally maintained and your
customers chased on a timely basis, without the need to employ someone
in this role. This can lead to a critical saving in staff costs.
up 90% of your invoice value before they have been paid
funds in your account in 24 hours
the time you spend on credit control
Sole traders, partnerships and limited companies
Ups and established businesses