We provide invoice factoring services from all the major factors.
Some industries such as construction, manufacturing, logistics, printing, recruitment, security, transport and wholesalers utilise invoice finance more than others. Factoring is a type of short-term business funding involving the sale of outstanding invoices to a third-party commercial finance company. Sometimes, there is a gap between when you finish a job and send an invoice and when the client makes payment, and this is where invoice factoring can add value by bringing in immediate cash for the business. This situation improves cash flow issues where you hand over your invoices to a third-party finance company who pays you money at up to 80 percent of the invoice value and then later collects debt.
The terms of factoring deals are different in many situations, but most factors advance businesses up to 80 percent of the value of the invoices. You get your cash immediately, and the factor takes on the responsibility for getting payment from those customers, managing the credit control of the business, and processing invoice payments. This means that your customers will be aware of your relationship with the factor. In other words, they will know that you are using invoice factoring as a short-term financing method.
Give us a call today and we will take your invoice today and give you will receive your cash tomorrow.
What is Invoice Discounting?
Like business invoice factoring, invoice discounting is a form of short-term borrowing against your outstanding invoices. It is usually used to help improve a company’s working capital and cash flow position. With invoice discounting, you maintain responsibility for your book debts, sales ledger, payment chasing, and invoice processing. As a result, your customers are unlikely to be aware of your relationship with the lender.