Answering your questions
Factoring is an invoice financing facility that allows your to release cash against your outstanding customer invoices as soon as they are raised. We also take away the hassle of chasing your customers' outstanding invoices, freeing you up to manage the day to day running of your business. This is the main difference to Invoice Discounting, where you still manage your own credit control.
If your client doesn’t pay within the agreed period, also known as the recourse period, usually 90 days, funding will be removed unless protected by Bad Debt Protection cover. You have the option to protect against customer insolvency with Bad Debt Protection.
We have experience in helping businesses in a large range of sectors
Browse funding examples of our current clients
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