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Invoice discounting is funding
provided against your invoices. You retain complete control
of your Sales Ledger and Debt management. Invoice Discounting
is available to Businesses that are profitable with good Debt
Management already in place.
It is possible to raise up to 90% against
outstanding invoices and is usually available in 24 hours.
- You send your invoice to your customer for completed
work.
- You send Invoice Discounting Company your sales listings.
- Your Invoice Discounter pays you up to 90% of your invoice.
- You collect payment from your customer, notify your Invoice
Discounting Company and place money in trust bank account.
- Your Invoice Discounting Company collects money from trust
account and pays you the balance less charges.
There are 2 types of Fees :-
- Cost of money – this is charged
on funds advanced, usually 1-3 % over bank base rate and
is quite competitive when compared to bank overdraft rate.
- Service fee – this is usually a
percentage of the actual turnover of the business and varies
between 0.1% - 1.0% of the invoice value.
Businesses that can have:-
- Turnover £500,000 - £100million – with
profitable trading.
- Sole Traders, Partnerships & Limited Companies with
good credit managements in place.
- Profitable companies with good net worth.
- Management Buy – Outs & Management Buy –
Ins.
Please call freephone
0800 915 3325
to discuss any of your company's financial needs, we can provide
you with invoice discounting that will get your company's
finances in order.
Index
| Factoring
& Factoring Companies |
Invoice Discounting | 
