Why pick Factoring and Invoice Discounting?
If you need the money tied up in unpaid invoices to pay suppliers or costs or fund your growth. Bridging the cash flow gap between raising an invoice and getting paid.
What is Factoring and Invoice Discounting?
Our trusted lenders use your sales ledger as an ‘asset’ that you can borrow against to get the cash that you are owed quicker.
Factoring & Invoice Finance facilities adapts with your business as it changes and grows, making it much more flexible than an overdraft or loan. As your turnover grows so does your access to money.
Is it suitable for my business?
If your organisation sells to other businesses and has a turnover more than £100,000, then invoice discounting may be an excellent solution for your business. We work with businesses from a wide range of sectors to help them get the funding & support they need to meet their goals.
Whether it’s improving cash flow, mitigating late payments or managing seasonal demand. If some of your turnover is export, then we can also help to obtain finance against these sales. Our ‘High Speed Cashflow Solution means that completions can often be done within just a week!
How does it work? It’s simple – when you issue an invoice our trusted lenders will advance you up to 95% of the invoice value within 24 hours. When it’s paid, you get the balance.
Raise an Invoice
Our trusted network of award winning lenders will pay up to 95% instantly!
You liaise with your customer for payment
You receive the balance when the invoice is paid.
Should I Switch from my current provider of Factoring and Invoice Finance?
If you are reviewing your current provider / lender, we can organise this for you so that the process is seamless. You will continue to access funds as normal and our efficient your dedicated manager will liaise with your existing provider for full transfer.
Benefits in switching providers can include:
- Saving money on your existing tariff
- Increase in level of finance
- Improvement in service
- Flexible contract – No complicated clauses
- Seamless transfer from your current provider