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

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

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

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