What is Single Invoice Factoring?
Whilst traditional invoice finance facilities provide funding against the entire sales ledger, single invoice factoring, or spot factoring, allows you to release cash from individual invoices.
With up to 90% of the invoice’s value advanced inside 24 hours, it provides a fast and effective way to access funding. It is particularly suitable for businesses with no long-term funding requirement and raise invoices with a high value or long credit terms, which could cause a temporary cash flow shortfall.
Voted Invoice Finance Broker of the Year at the 2018 Business Moneyfacts Awards, we can introduce your business to the most suitable single invoice finance option on the market.