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FAQ's
relating to invoice finance
What
types of invoice finance facilities are made available?
We provide disclosed factoring service which can be applied
to a whole turnover, selective debtors or single debtors.
These can stand alone or operate in conjunction with our
import finance services.
What advance rate is available?
Up to 100%, depending upon the credit worthiness of the
debtor, the debt itself and the cashflow requirement of
the client.
What businesses will you provide invoice finance to?
The easy answer is a business that generates a 'good, clean,
collectable debt'. Traditionally contractual or conditional
debt does not provide suitable security (e.g. long term
contracts interim billings and sale or return).
What are the costs of invoice finance?
1. A service charge expressed as a percentage of turnover.
and-
2. A discount charge.
What makes we different?
Our ability to finance either a single invoice or a whole
sales ledger, with no concentration restriction. The facility
can be put in place for short periods of time with no minimum
income. We provide quick decision making and a high quality
collection service, tailored specifically to a company's
needs.
Additionally,
we can link this product easily with our trade finance facilities
if required. |
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What
is invoice finance?
