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Invoice Factoring

Invoice factoring could help you run your business better

We collect your invoices, you can focus on your business

We collect the money owed to you

You could get up to 90% of an invoice’s value within 24 hours

You get your own Relationship Manager

You have 24/7 access to an online Invoice Finance account

Factoring in detail…

Features

Get cash quickly

You could receive up to 90% of the invoice value within 24 hours. We’ll then chase the invoice on your behalf.

Good for business growth

Releasing money you’re owed could give you access to funds which might help your business grow. Invoice Factoring is available in these currencies: GBP, USD and EUR.

Convenient and always available

You’ll have 24/7 access to an online Invoice Finance account, so you can manage invoices and track payments.

Focus on what you do best

Because we collect payments on your behalf, you don’t have to spend admin time running a sales ledger.

Help and support

You’ll get your own Relationship Manager – your key point of contact if you need to discuss anything.

Simple to use

We’ll do all the legwork, and then we send you the value of the invoice, minus our service charge and fees.

Ready to apply

Invoice Factoring is for businesses with a minimum turnover of £250k up to £6.5m. You must be prepared to outsource your credit control function and be happy to use your debtor book as security.

Alternatively, you can always talk to your relationship manager or if your annual turnover is between £250k - £2million you can give us a call on 0345 301 4972. If it’s over £2million call us on 0345 301 6109.

Manage your invoices with FacFlow

Access and manage your Invoice Factoring securely online at any time. 

 

To find out more about Invoice Factoring, take a look at our Fact Sheet (PDF, 49KB)

Additional support for your business

FreeAgent accounting software

FreeAgent is cloud based business accounting software that helps you save time on managing your books. We’re offering it free to our business customers.

Cashflow and collecting money

Good cashflow management is key to keeping a business afloat. We’ve got a seven-step guide to help you keep your cashflow nice and steady.

Business planning

Having a clear mission and goals for your business is vital. We’ve got business planning tips to help you turn your dreams into reality.

Something else we can help you with?