What is it?

You've won the client, delivered the goods or services, and issued an invoice. And whilst you are sure they are good for payment you can't get your hands on your cash until they are ready to pay.

With factoring, your invoices effectively become cleared cheques, freeing up cash for you to use straight away. You raise your invoice, and we advance an agreed percentage to you immediately (up to 90%) and pay you the balance, less our fee, once your customer has paid. The factor ensures those invoices are paid to your terms.

What's in it for me?

Because cash availability is linked to your sales your funding grows as you grow.

• You can plan for the future confident in the knowledge that you're your invoices will be funded as soon as they are raised.

• You won't need to hire specialist staff or lose sleep over unpaid invoices.

• Efficient collection of debts means your customers see you as the professionals you are.

• Revolving facility means no annual arrangement fees.

• Additional option of bad debt protection if a customer fails to pay.

Interesting. Am I eligible?

Factoring is usually appropriate if:

• You offer trade credit terms and have an annual turnover between £75k and £10m.

• You're newly established, or have been trading for years – we don't mind which.

• We've got the widest range of solutions at our finger-tips, so we can find what's best for you.

• You can talk to us about an additional loan if you have insufficient assets to meet your bank's criteria.

• Advances up to 90%.

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