Invoice Factoring

What is Factoring?

Factoring solutions bridge the cash flow gap often associated with trading on credit terms by releasing up to 90% of an invoice’s value within 24 hours of its issue.

Crucially, facilities can also include a dedicated sales ledger management service, adding a wider expertise to the credit control process whilst removing this burden to enable the business’s own resource to focus on core activities and securing new business opportunities.

Invoice factoring facilities can additionally incorporate bad debt protection, which safeguards the business against the threat of bad debts or protracted default – non-payment of an invoice after an extended period – to provide added peace of mind.

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How does invoice factoring work?

  1. Your business raises an invoice
  2. Factoring company advances up to 90% of its value within 24 hours
  3. Your customer pays the factoring company
  4. Remainder of invoice value is made available, less the factoring company’s fee

 

View a more detailed explanation

Benefits of invoice factoring

 

Watch our video for more benefits of invoice factoring

Which factoring company is right for my business?

Finding the right factoring solution for your business’s particular needs can be both challenging and time-consuming. The expertise of a commercial finance broker can be invaluable in this process.

  • Save time and money in your funding search
  • Benefit from extensive knowledge of providers and facilities for your sector
  • Gain access to key decision makers within the funders
  • Find the right fit in terms of funding, level of service, culture and cost

To explore your options with one of our funding consultants, call us on 0800 9774833 or email info@hiltonbaird.co.uk.

Factoring is ideal for my type of business as the large orders can come unexpectedly, whilst they also vary in frequency depending on what season we are in. I now don’t have to worry about not being able to pay my suppliers before receiving my own customers’ payments.

Phil Page, Managing Director, Logotek Promotional Merchandise Ltd

Funders we work with

  • Lloyds Bank Commercial Finance
  • Skipton Business Finance
  • Hitachi Capital Invoice Finance
  • Calverton Finance
  • Royal Bank of Scotland
  • Outsauce
  • Assetz Capital
  • GE Capital
  • Working Capital Partners
  • Bibby Financial Services
  • Platform Black
  • Ultimate Finance Group
  • Santander Corporate & Commercial
  • Innovation Finance
  • Davenham Asset Finance
  • Everline
  • Team Factors
  • Trade Finance Partners
  • Pulse Cashflow Finance
  • Asset Advantage
  • ABN AMRO Commercial Finance
  • Regency Factors
  • GapCap Cashflow Finance
  • IGF Invoice Finance
  • Barclays
  • Positive Cashflow Finance
  • Ashley Commercial Finance
  • Factor 21
  • Aldermore Invoice Finance
  • Catalyst Finance
  • Davenham Trade Finance
  • Metro Bank SME Finance
  • iwoca
  • Partnership Invoice Finance
  • First Capital Factors
  • Nucleus Commercial Finance
  • Market Invoice
  • Creative Capital
  • Leumi ABL
  • Secure Trust Bank
  • 1pm
  • Close Brothers Invoice Finance
  • Shawbrook Business Credit
  • PNC Business Credit
  • Woodsford Tradebridge

Authorised and Regulated by the Financial Conduct Authority
Hilton-Baird is an Independent Introducing Agent (Broker) and not a Lender

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