Factoring and Invoice Discounting (also known as Debtor Finance) is a service available to businesses which can have a dramatic positive effect on your cash flow. Money can be made available to you as soon as you raise an invoice rather than waiting for the monies to arrive after the expiry of the usual payment terms, typically 30 or 60 days.

These facilities are particularly suited to businesses that are expanding quickly or are in their infancy and have not yet had time to build a track record with which to obtain traditional forms of finance. Also, if there is a lack of security available to secure loans or overdrafts, debtor financing is particularly attractive as the monies are lent directly against the invoices.

Normal terms of borrowing would provide for up to 80% of the value of all approved invoices, upon receipt of payment for the invoices the balance is then paid less any charges.