Some industries such as construction, manufacturing, logistics, printing, recruitment, security, transport, and wholesalers utilize invoice finance more than others.
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. The Factor is responsible for the invoice value and then later collects debt.
Our property development funding is available to help complete part-build developments – if you run out of money, or if your existing bank won’t continue to support you, don’t worry, we can help.
Give us a call today on 0208 088 2211 and speak to our factoring adviser.
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.
Call our invoice discounting team a call NOW on 0208 088 2211
