How Invoice Factoring works |
You sell goods and services to your customers and invoice them as normal.
You send a copy of the invoice to your invoice factoring provider
Your factoring provider will then provide you with up to 95% of the invoice value immediately.
Your factoring provider will then chase the invoice for payment.
When it's paid the factorer will give you the balance of the invoice value less their fees.
Your business's cash flow improves dramatically as a result. |
The Process |
1. Use our Factoring Search tool (opposite) to get a free quote comparison from the most suitable providers.
2. Receive your comparison by email or phone, depending on the complexity of the case.
3. You then deal directly with the providers of your choice, we don't charge you for any part of the process. |
How our Invoice Finance Search works
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Our search tool will identify the most suitable and cost effective providers for your business.
Based on factors such as your company size and the industry you work within, we can quickly identify which providers will be willing to provide you with invoice finance, so you don't waste your valuable time talking to the ones that are unable to help.
You'll also find that the providers with the best fit are also the most competitive, so searching will also save you money.
The results are generated from providers ranging from high street banks to industry specific specialists, so whatever your requirements, our search tool can be of immense help.
To get started, just fill in the simple form opposite, and receive your quote comparison within minutes.
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| I’m considering invoice factoring – Who should I talk to?
It's important to talk to the right providers as each will vary in the profile of the clients they tend to finance. This will depend on factors such as industry type and the size of your company. You'll also find find that certain providers offer more competitive quotes when they have a good match with their lending criteria, and so talking to the right ones can save your company a huge amount of money.
Do providers require personal guarantees?
Invoice finance is secured against your debtor ledger as opposed to other company assets or your own personal assets. Some providers may ask for other guarantees if other risks are identified, but this will vary between providers, so it's important to identify those that have the best fit with your requirements, to receive the best terms.
What is my risk?
In using our search tool, you have no risk as it neither obliges you to follow up with any providers, and it does not produce a credit check. You'll just receive a comparison of quotes and answers to any questions you may have. Your data is also safe, secure and will not be shared with any third parties unless you ask us to do so.
What is the difference between invoice factoring and discounting?
With invoice factoring, you don't need to chase your customers for payment - your factoring provider will do this for you, which frees up company time. With discounting you continue to chase payments from your own customers as normal. In this case the invoice discounter will give an advance against each raised, but the invoice will still be paid to the discounter by your customer.
Will I be tied in with an invoice finance provider forever?
No, you are not tied into a solution for long periods. Some businesses use this type of finance as a temporary cash flow solution, and so will not use it for sustained periods. Others prefer to focus on other areas than credit control and see invoice finance as a more medium term solution. |
Help for companies struggling with cash flow
Invoice finance has become popular over recent years, especially where banks have been unable to support businesses in the ways they were doing so before the credit crunch.
Sometimes a business finds out one day, without any notice that their banking credit facilities have been reduced and they suddenly have a serious cash flow issue.
That's where Invoice Finance can be of great help. Once you've identified a suitable provider, finance can be rolled out within 24 hours, and cash introduced into the business cycle.
Some providers are also very experienced in helping in distressed situations, so it's vital to talk to the right ones, whatever your circumstances.
Not only that, the provider will have very effective and efficient credit control systems, so information can be shared easily.
To find out whether invoice finance can help your business, just use our search tool opposite to find out how much cashflow you could generate from invoice finance.
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Compare-Invoice-Factoring.com is owned and managed
by Global Internet Media Ltd.
This site offers a free invoice finance search tool and will give you a range of quotes to compare from suitable providers
This site is totally free to use, and your data is safe and secure.
We will only pass your details on to a third party,
in the event that you ask us to do so.
Our full company details are displayed below
| Global Internet Media Ltd |
| 145-157 St John Street |
| London |
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| Tel : 0207 608 5590 |
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