This is an independent advice and cost comparison site for Invoice Discounting and Invoice Factoring for UK businesses looking to boost their cashflow.
Our free guide to Invoice Factoring and Invoice Discounting provides all the information you should know before you speak to any providers to ensure that you know as much as they do about Invoice Discounting and Factoring.
We also provide answers to all the frequently asked questions about Invoice Finance and a glossary of terms related to Invoice Discounting and Invoice Factoring.
Why Invoice Discounting & Factoring
Both Invoice Factoring and Invoice Discounting, are forms of borrowing aimed at improving a businesses cash flow. The business can draw down a percentage of the value of each invoice as soon as it is raised and then repay the loan when the invoice is paid. Because the business is constantly raising new invoices they can they borrow the money again against the new invoices.
With Invoice Factoring then provider takes over the running of the sales ledger including chasing your clients for payment, Invoice Discounting operates in a very similar way except that your business keeps full control of the sales ledger and is responsible for chasing your customers for payment.
Invoice Discounting & Factoring FAQ's
Here are some of the most frequently asked questions which are asked about Invoice Discounting and Invoice Factoring:-
What are "Approved Debts"?
What is Bad Debt Protection?
What is Invoice Discounting?
What is the difference between Recourse and Non Recourse Factoring?
How Quickly can an Invoice Discount Facility be set up?
