- FAQ's Introduction
- How does factoring differ from Invoice Discounting?
- What effect will using factoring have on my business?
- What effect will it have on my bank?
- Does it increase Administration?
- Will it work for my type of business?
- What happens if sales drop?
- What about a Seasonal business?
- Is there a minimum time I must contract to a funder?
- How much does it cost?
Invoice Financing/Factoring - What effect will using factoring have on my business?
Very positive. It provides additional working capital by providing cash within two days of raising an invoice - at up to 85% of the value of that invoice. This enables the better management of cashflow, allowing, for example, the early payment of creditors to gain settlement discounts.
