To benefit from invoice factoring services, factoring companies will usually require that you are a business to business company in the UK. There is usually no stipulation about credit worthiness.

Amongst other stipulations that invoice factoring companies make is that you issue invoices to your customers with credit terms usually not exceeding 90 days from invoice date.

For invoice factoring to be successful there must be a strong audit trail. So proof that the goods / service have been delivered need to be attached to the invoice that is sent to the factoring company.

We can usually secure invoice factoring facilities in a matter of days.

Factoring receivables in this way can create opportunities for your business as it becomes cash rich (and this goes for factoring and invoice discounting); and the credit control aspect of the factoring services means that the time spent chasing your debt can be used to run your business more efficiently.

Filed under:
Invoice Factoring by G.E.T. Invoice Finance