Advance of up to 95% of the value of your invoice (usually a large invoice with a value more than £25,000)
Depends on the product and on your payment terms (e.g. 30, 60, 90 or 120 days)
A monthly rate of 0.5-5% of the invoice value (rate will vary according to the lender, your business profile and the length of the factoring period) plus set-up fee – factoring is usually more expensive on a per invoice basis than whole ledger facilities.
From 24 hours to 2 weeks
To finance specific (large) invoices rather than your entire sales ledger (in order to ease cash flow and to minimise late payment and debt) – and to hand over credit control to your lender
A broad range of businesses with B2B invoices (e.g. seasonal businesses, those with occasional large projects and those with just a few debtors) – lenders require a minimum trading history and minimum turnover
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