Uncomplicated Free Advice on the Best Invoice Factoring Solution for Your Business – Available to both start up and established business clients
Invoice factoring is a simple and easy process that allows your cashflow to remain current. Waiting for a customer to pay when they are on 30- or 90-day terms can leave your working capital short, so factoring your invoices can be a huge benefit, especially for smaller companies. InvestGrow Financial Services can guide you through the process and source the lender best for your company.
How Invoice Factoring works
Invoice factoring is where an agreement is arranged between your business and the lender where they, in essence, buy the invoice from you for up to 85% of the invoice cost. The lender will then recoup the funds from your customer on the terms of the invoice, ensuring constant income into the business.
InvestGrow has a large number of lenders in its portfolio that can help businesses keep their capital flowing by using this simple process. A factoring arrangement with a company that builds a relationship with its clients can be a great asset to use, and enables your finances to remain current to its requirements.
Key benefits of Invoice Factoring
More attractive rates than an arranged overdraft is just one of the key benefits of invoice factoring. Others include:
- Up to 85% of the invoice value paid to you on issue
- On-line process and cash paid into your account same day / next day
- Facility available to newly started business with turnover from just £100K per annum
- Bad debt insurance can be included if necessary, to give additional peace of mind
- Factoring can be offered to most business types and industry sectors
- Reduced finance costs over traditional overdraft facilities
- Easy to set up and the service can be operational within 7 – 10 working days
Business growth
Invoice factoring invoices can be a useful buffer when there is a sharp period of growth in a company, and it needs to find funding to account for this, especially if it is unexpected. When the demand for your product or service grows sharply and is unanticipated, implementing invoice factoring can remove financial pressure
Business continuity
Using invoice factoring can help with business continuity and allows you to know that you have that ease in the system if you need it. Continuity ensures stability and when you know what minimums and maximums there are in place, you have the ability to plan strategies around any issues.
InvestGrow Financial Services can guide you through the most attractive solutions and help find the one that works for your company. Working to your exact needs and budget, we will provide a view of the market as a whole, implement the solution, and with no disruption to the running of your business.
How do I apply?
To apply for Invoice Factoring for your business, speak to one of our advisors and we can begin the process. Please contact us here or start an instant chat with one of our experts.