Invoice Factoring: Frequently Asked Questions

Invoice Factoring (also known as Factoring) is a financial service that allows you to receive funding against your outstanding invoices immediately. Instead of waiting for your customers to pay on their standard terms, you can access your working capital upfront.

This solution is ideal for businesses whose customers require long payment terms. It is also highly beneficial if managing customer payments and collections is consuming more administrative time than you would like to spend.

Since the funding is secured directly against your accounts receivable (the invoices), additional physical collateral is often not required. However, standard due diligence is conducted before any facility is approved.

Under a standard recourse factoring arrangement, you remain liable for the invoice. If a customer fails to settle the debt, you will be required to repay the advanced funding to the provider. Process & Timelines

The setup time depends on the complexity of your business and how quickly you can provide the necessary documentation for assessment. In most straightforward cases, a facility can be arranged within a few business days.

The process is designed to be seamless. Once your facility is active, you simply submit your invoices to us. We handle the funding and can also assist with the collections process, allowing you to focus on your core business operations.

Fees are tailored to the specific needs of your business, typically depending on your funding volume and industry type. To get a clear picture of the rates applicable to you, we recommend requesting a personalized quote.

To begin the assessment, simply reach out to our team. We will review your typical invoicing lifecycle and provide a breakdown of how a factoring facility can support your cash flow.