If you have to wait for customers to pay for your services or products invoice factoring is a way to get cash released quicker into your business…
Get cash from customers quicker...
Invoice factoring (also known as debt factoring) is where the funder takes control of your sales ledger and lends against your customer invoices.
This means that you will receive most of the invoice value (usually up to 90%, minus a lender fee) immediately, instead of the typical 30-90 days.
Invoice factoring is an alternative to a bank loan, overdraft or credit card, and the amount of finance is usually stated as a percentage of your outstanding debtor book or sales ledger.
Payments will usually go from you customers to the funder so they will be aware that you are using the product.
If you don’t have time to speak to someone, Asset Finance Compared is our online platform that allows you to get a Decision in Principle in 60 seconds, wherever you are.
Call 0115 958 6872, email firstname.lastname@example.org or fill in an enquiry form for further information.
some of the sectors that we work in...
invoice factoring explained...
Invoice factoring is a way for businesses to raise money by selling invoices to a factoring company at a discount.
Factoring usually includes credit control services, and helps companies release cash from their debtor book.
The credit control function in a factoring facility is outsourced, meaning the client has little control over their sales ledger.
The factoring facility is disclosed i.e. your customer will know that you are using a factoring facility.
get in touch...
0115 958 6872 and a member of our team will be happy to speak to you.
our recent projects...
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