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Compare Invoice Factoring

Improve your cash flow with invoice finance - Find the best factor for your business

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What we do

Us our free service to request a no obligation quotation from top factoring providers. Find the right solution for your business needs with a free no obligation quote.

What is factoring ?

Factoring is a fast and effective way to unlock working capital, helping your business to meet its present and immediate cash needs. Whether that’s to free up capital for business expansion or servicing debt requirements.

It can be a simple and successful way of bridging cash-flow issues as payment terms for invoices can range from 30 to 120 days, as well as free up staff time that would otherwise be spent on chasing invoices.

For businesses that have a less than perfect credit score and find it difficult to bridge cash-flow gaps with business loans, factoring is an effective way to unlock capital in the short term.

How does Factoring work?

Most factoring companies will pay you in two installments, the first being for the bulk of the receivables, benefitting your need for immediate cash-flow, and the remainder when your client settles their invoices, minus any factoring fee.

Basic Process

1

A company provides the factor with a list of invoices that it would like to factor.

2

The factor evaluates the invoices and determines the creditworthiness of the company's customers.

3

The factor offers the company a percentage of the value of the invoices, typically between 70% and 90%, minus a fee.

4

The company accepts the offer, and the factor provides the company with immediate cash for the agreed  % value of the invoices.

5

The factor then takes over responsibility for collecting payment from the customers on the outstanding invoices. Once the factor receives payment from the customers, it will provide the remaining amount of the invoice value, minus its fee, to the company.

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