Business Finance FAQs
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What is invoice factoring?
Invoice factoring allows you to use your accounts receivable as collateral in return for ready cash. You continue to provide goods and services to your clients as normal, but will get up to 85% of the value of your client invoices up front, with the remaining value paid back when your invoices have been collected, minus a small service charge (typically no more than 1.5-2.5% of your invoices).
Related questions
How effective is invoice factoring?
How do I transfer from my existing invoice factoring provider?
What makes a business suitable for factoring. Can anyone use it?
Our company has recently experienced rapid growth. Would invoice factoring be a viable option?
Is it possible to terminate an invoice factoring contract prior to the 12 month term?
How can we use invoice factoring to finance our staffing agency? Will factoring help to provide the finance to pay our employees on time each month?