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Factoring

✅ Immediate cash from unpaid invoices
✅ Credit control handled for you
✅ Boosts cash flow without new debt
✅ Ideal for growing businesses

Invoice Discounting

✅ Confidential, customers aren’t aware
✅ Improves working capital
✅ Scales with your sales
✅ Quick access to funds while keeping control

Spot Factoring

✅ Fund single or selective invoices
✅ No long-term contracts
✅ Fast and flexible funding
✅ Perfect for occasional cash flow needs

Other Types of Invoice Finance

CHOCCS (Customer Handles Own Credit Control)

Best for: Companies that want funding like factoring, but prefer to keep control of customer relationships.

Key features:

- The factoring company still owns the debt and advances cash. However, you remain responsible for chasing payment from customers.
- It’s often used when the facility is legally a factoring arrangement but functions like discounting.

Confidential Factoring

Best for: Businesses wanting the funding and support of factoring while maintaining discretion.

Key features:

- Similar to invoice discounting in terms of discretion. However, the lender may still manage collections in the background or require specific operational structures.

Invoicing Finance - FAQ's

Recourse vs Non-Recourse - what's the difference?

Recourse Invoice Finance:

If the customer doesn’t pay the invoice, you (the business) are responsible for repaying the finance provider. Lower cost, but higher risk for your business.

Non-Recourse Invoice Finance:

If the customer doesn’t pay (due to insolvency), the finance provider absorbs the loss. Higher cost, but offers more protection and lower risk.

Recourse = your risk
Non-Recourse = lender’s risk

How could a lender charge me? - here's a rundown

Invoice finance charges are typically broken down into two main components, with some additional potential fees depending on the provider and facility type. Here's a clear breakdown:

Service Fee: Ongoing fee (0.5%–3%) for managing the facility; higher in factoring due to credit control.

Discount Fee: Interest on the funds advanced, charged daily/monthly (e.g., base rate + 2%–5%).

Some lenders may charge additional fees, such as:

Setup Fee: One-off cost to establish the facility.

Minimum Usage Fee: Charged if facility isn't used to agreed levels.

Audit/Review Fees: For monitoring your ledger.

Bank Charges: For transfers or disbursements.

Early Termination Fee: If you exit the agreement early.