Invoice Financing

Invoice financing (factoring) is simply the selling of your invoices or receivables at a discount to a “factor” for immediate cash. The discount is typically 5% to 10% or so of the value of the invoice. The factor makes their money by collecting the payments from your clients. It is an excellent way to finance a business without the worries and time spent going after standard bank loans.

What is Invoice Financing?

Invoice Financing releases cash currently tied up in outstanding customer invoices – ideal for funding expansion plans or improving your cashflow. There are two main types: factoring and invoice discounting.

With factoring we provide both funding and credit control. With invoice discounting only the funding is provided.

Invoice Financing Benefits

  • Speed – Access to the funds held in your invoices within 24 hours so you don’t have to wait to be paid
  • Cost-effective – We aim to give you the best value we can based on your specific requirements.
  • Choice – Outsource your credit control and sales ledger management to our expert teams or handle them yourself
  • Personal – Our country-wide presence and relationship managers ensure we can give a more personal service
  • Control – Check your funding at all times with our 24/7 online management system
  • Confidentiality – Our confidential service means we won’t disclose you are using an invoice finance facility
  • Security – Protect against customer insolvency with Bad Debt Protection
Did You Know?
  • A company can have a few trade lines and make your business more flexible and efficiency.
  • One line, multiple products for both import and export use.
  • Now the Credit lines of up to 10 times the amount of security provided.
  • It allows you to use Letter of Credit, Trust Receipt, Shipping Guarantee, Bills Purchase and Invoice Financing etc to meet your trading and business requirements needs.
  • Up to 120days and Interest chargeable only when you use the line extended to your company.
  • Absolutely hassle-free application process.
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