Invoice factoring is a great cash flow solution for companies issuing large value invoices who may be waiting weeks or months to get paid. A factoring lender will lend against your customer invoices, enabling you to receive a large percentage of your invoices immediately. The factoring lender or invoice company will also run credit control to recover any outstanding or overdue invoices on your behalf. As a result, your clients will be aware you are using an invoice company.
When your customer has paid, you will receive the remaining invoice value minus the invoice company’s fees. This solution is a great cash flow option if you are starting out and need help covering up front costs before invoices are paid. Whatever your requirements, we can help you find the right solution for your business.
Benefits of Invoice Factoring