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

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

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

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