Invoice factoring (also known as debt factoring or just factoring) is ideal for businesses who are either facing cash flow challenges or keen to grow and want a professional team to help with credit control.

As an alternative to bank loans, overdrafts or credit cards, it can bridge the gap between raising customer invoices and getting paid. At the same time, it can free up your time because the funder manages your invoicing and collection processes.​

If on the other hand you prefer to manage credit control in-house, you should think about using invoice discounting.

Invoice factoring is for any business, any size, in any industry.

It is great for smaller businesses who may not have the resource to manage and chase invoice payments. Or large ones who don’t want an in-house function to manage payment collection.

If you want to relieve cash flow pressures, access funds tied up in invoices and free your time from chasing late payments, then invoice factoring can help.

Unlike a traditional bank loan, it is more flexible and easier to set up. You will likely be eligible if you:

• Provide goods and/or services to any other business
• Give your customers credit terms of between 30 and 90 days
• Would like to concentrate on your business and are happy for the funder to manage your credit control