Logo

The UK factoringhelpline.co.uk business invoice factoring service team has over 10 years advising business owners on the benefits of factoring and invoice discounting companies. If you are business owner and would like an informal discussion on the benefits of business invoice factoring please call 0800 597 4757 or apply online

In the UK every business is unique and has different cash flow needs. Unfortunately many business owners get disappointed when they get turned down for traditional types of business finance such as; loans and overdrafts. To this end many business owners look to invoice factoring. There are several business invoice factoring companies in the UK that offer lenders business invoice factoring solutions that lend money based on the strength of invoices, not past credit history..which is very a very refreshing approach.

What is business invoice factoring?

  • The process of business invoice factoring invoices involves a business invoice factoring company lending money against the value of outstanding unpaid invoice. In the UK business invoice factoring companies can lend up to 90% of invoice values and can provide cash within 24-48 hours.
  • They then collect the outstanding amount from the customer and then pay the balance (less a business invoice factoring fee) when the invoice has been paid.
  • Most business invoice factoring firms offer extra, value added service which ultimately reduce costs and provide an outsourced book debt collection service.

What are the different types of business invoice factoring available in the UK?

  • Disclosed business invoice factoring
  • Confidential business invoice factoring
  • Recourse business invoice factoring
  • Non-recourse business invoice factoring
  • Single debtor business invoice factoring

What are the advantage of a business invoice factoring facility?

  • Full credit control service
  • A service offering the chasing and collecting of outstanding invoice payments
  • A factoring service allows provides certainly as to when invoice are going to be paid
  • Cash at bank is always present within businesses that use a factoring service
  • A factoring service allows businesses to receive up to 90% of the value of your invoices within 24 hours of submitting them
  • A factoring service is cheaper than some other forms of business finance.

The factoringhelpline.co.uk services are completely free of charge so if you are interested to hear more about cashflow solutions then please call on 0800 597 4757.