Invoice Discounting and Factoring
Invoice Discounting and Factoring allow a business to raise finance against their existing debtor book to pay for day to day expenses. This allows businesses to offer more favorable payment terms to their customers without compromising their own monthly cash-flow.
These facilities are particularly attractive to business owners who require a working capital facility but wish the business to ‘stand on its own two feet’ and are available to all businesses regardless of credit or trading history.
Generally, Invoice Discounting or Factoring allows businesses to raise up to 90% of the value of their debtor book but this is dependant on individual circumstances.