What is Invoice Factoring?
Invoice factoring solutions bridge the cash flow gap that arises from trading on credit terms by releasing up to 90% of an invoice’s value within 24 hours of its issue.
The factoring company will also provide a dedicated sales ledger management service. As well as bringing expertise to the credit control process, it also removes the burden of managing your accounts receivable, providing the time to focus on core activities and secure new business opportunities.
Invoice factoring facilities can additionally incorporate bad debt protection for added peace of mind. This safeguards the business against the threat of bad debts or protracted default – non-payment of an invoice after an extended period.
As an award-winning and independent invoice factoring broker, Hilton-Baird Financial Solutions has a proven track record of helping businesses secure the most suitable invoice finance and wider commercial finance facilities.
Use our invoice finance quote tool below to calculate how much funding you could release with factoring.