There are two main types of invoice finance available to businesses, namely: -
-
Invoice Factoring – the responsibility of collecting the debt from the clients lies with the lender. This can be done with or without bad debt protection.
- Invoice Discounting – you maintain full control of collecting the money so the facility is invisible to your clients. Again this can be carried out with or without bad debt protection.
There are various reasons why businesses may look to use invoice financing. It can be that they are experiencing lengthy delays waiting for payment, which restricts their ability to take on new business or it may be that they want to use the valuable debtor book to raise finance to invest elsewhere.
Whatever the requirements, we have access to a team of lenders to arrange the facility and provide the best option to meet the needs of our customers