What is invoice Factoring?

Factoring enables you to access the value of outstanding customer invoices before they are paid. We provide the funding and manage your credit control, which saves you time and money chasing and collecting outstanding invoice payments.

To find out how Factoring works and how it can help your business, watch our short video.


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How Factoring invoices can help your business

If you want to unlock cash tied up in outstanding customer invoices and free up your time chasing late payments, then Factoring can help your business. It supports your cash flow and is time efficient because we manage your sales ledger, credit control and collect payments from your customers.

Factoring can help you manage the gap between raising customer invoices and getting paid. While at the same time freeing up your time because we manage your invoicing and debt collection processes, unlike Invoice Discounting where you manage it yourself.

Download our guide to Invoice Finance

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What our customers say about us

Working with Bibby Financial Services has helped Chef in a Box to significantly increase the number of supermarkets it supplies with premium handmade meals.

At a time when banks were reluctant to fund the Co. Leitrim business, we helped them to unlock funding from their debtors meaning there was no need to seek any investors.

Find out how access to our fast and flexible funding has been a recipe for success for Chef in a Box.   Read the case study

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Is your businesses suitable for Factoring?

Your business could benefit from Factoring finance if you:

  • provide goods and services to other businesses
  • issue your customers with credit terms of between 30 and 90 days
  • want us to manage your credit control
Get a quote

Features and benefits of our invoice Factoring finance

Features

  • We fund up to 90% of invoice value within 24 hours
  • You get cash against the value of your invoices as they are raised
  • The funding grows in line with your sales
  • The duration is available at 12 and 24-month contracts
  • We liaise with your customers for payment
  • A confidential service is available
  • We can offer optional Bad Debt Protection
  • You can manage your account with our 24/7 Client Online service

Benefits

  • Speed: get up to 90% of your outstanding invoice values in your account within 24 hours
  • Personal: relationship based approached ensures we can deliver a more personal service and offer quick decision making
  • Control: check your funding at any time with our 24/7 Client Online service
  • Security: option to protect against customer insolvency with Bad Debt Protection
  • Cost-effective: collections service means you don’t need to employ a credit control team
  • Confidentiality: our confidential service means we do not disclose you are using our service

How Factoring invoices works

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Invoice your customers

And send a copy to us

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We pay up to 90% of the value of your invoice

Within 24hrs, allowing you to pay your staff, suppliers and take on new orders

Telephone contact

We collect payment on your behalf

Leaving you to focus on running your business

Payment

We pay you any remaining balances

Minus any agreed fees


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We offer discrete and confidential invoice Factoring

If you do not want your customers to know how you’re funded, or if you would prefer to keep your credit control function in-house, we can offer confidential service. This means we do not disclose to your customers that you are using a factoring facility and you maintain the relationship with your customers. 

To keep the process confidential, your customers make payments into a trust bank account in your name even though the funds are paid to us. That way your confidentially is secured.

Get a quote