Factoring is a ‘full service’ facility which includes funding up to 100% of the invoice value up front, as well as employing a dedicated credit controller to run your ledger, chase your customers (if you wish) and also producing customer statements – eliminating the pain from you having to manage this yourself
You can receive all the benefits of Factoring as above, however, your customers don’t need to know that you are using a Factoring service – it can be offered confidentially, so that you maintain your existing relationship (please also see “Confidential Factoring” page)
Selective factoring allows you to pick and choose which invoices you wish to finance. You only pay for what you use so there are no minimum fees and no on going commitment to use the facility
How does Factoring work?
Send your invoice to both your customer and finance company and you will receive up to 100% of the value of that invoice. When your customer pays, you will receive any amount remaining less your fees