Want to get access to funds tied up in overdue invoices without the hassle of having to chase late payments? Invoice Factoring is a fast, efficient way of improving your business cashflow so you can get access to funding you need right now. It’s ideal for businesses that sell on long trading terms and would prefer to outsource the collections process. Once approved, this is how it works:
Supply goods or services to your business customers as usual.
To qualify for Invoice Factoring you must offer trade terms of between 30 to 90 days.
Invoice your clients for the goods and services supplied as you normally would, with your existing system.
We release up to 90% of the invoice value within 24 hours.
You get access to the cash you need, as your invoices are raised, instead of weeks or months later.
Spend time growing your business rather than chasing debt. Invoice Factoring is a reliable solution that puts you back in control of your cashflow by putting us in charge of chasing overdue payments.
Think of us as your outsourced credit department – we can liaise with your clients, issue statements and reminders, and allocate payments against invoices. You control our level of involvement based on the needs of your business.