Invoice Discounting - Factoring

Invoice Discounting

Invoice discounting involves the sale for cash of approved invoices to a financial institution.

Key Features

Typically less than the cost of an overdraft, cheaper & easier than a business loan, Invoice Discounting is a fully confidential facility that offers flexible funding that grows in line with your business. Bad Debt Protection is also available, offering you peace of mind against any bad debts.

Who is it for?

  • Limited and sole traders/partnerships
  • Companies from 1 year old to multi-million pound turnover
  • Management teams attempting Buy Outs/Buy Ins, company acquisition and refinancing
  • Companies with rapid growth models
  • Companies experiencing financial difficulties
  • Companies with seasonal sales cycles impacting cash flow
  • Factoring clients who are in the position to bring their credit control back 'in house'

Benefits

  • Frees Cash - Releases up to 90% of the money tied up in unpaid invoices
  • Money to Invest - Improved cash flow allows you to invest in the business
  • Expand Credit Terms - Offer credit terms to your customers, confident that credit checks are easy obtained
  • More Funding - Allows borrowing beyond the levels of normal unsecured overdrafts, usually for a much lower borrowing rate
  • Flexible Limits - Funding grows in line with your turnover, the more you invoice the more funding available
  • Trusted Names - All invoice finance companies that work with Simply Business Finance are members of the Factors & Discounters Association
Compare Invoice Discounting Quotes

Factoring

Factoring is the process of purchasing commercial accounts receivable (invoices) from a business at a discount.

Key Features

Factoring includes full ledger management, leaving you with more time to run your business. Bad Debt Protection is also available, offering you peace of mind against bad debts.

Who is it for?

  • Limited and sole traders/partnerships
  • All companies from new start to multi-million pound turnover
  • Suitable funding for Management Buy Outs/Buy Ins, company acquisition and refinancing
  • Companies with rapid growth models
  • Companies who are experiencing financial difficulties
  • Companies with seasonal sales cycles, affecting cash flow

Benefits

  • Frees Cash - Releases up to 90% of the money tied up in unpaid invoices
  • Money to Invest - Improved cash flow allows you to invest in new
  • Expand Credit Terms - Offer credit terms to your customers, confident that credit checks are easily obtained and payment behaviour is being closely monitored
  • Saves Time - Eliminates internal invoice ledger management, factoring companies provide a full service including monthly statements
  • More Funding - Allows borrowing beyond the levels of normal unsecured overdrafts, usually for a much lower borrowing rate
  • Flexible Limits - Funding grows inline with your turnover, the more you invoice the more funding available
  • Trusted Names - All invoice finance companies we work with are members of the industry body, Factors & Discounters Association

Compare Factoring Quotes