Need cash fast?
Increase your cash flow by selling your invoices to us. We take over your credit risk and invoice administration so you can fully concentrate on your business. We save you both time and money. Make it easy for yourself!
Factoring is a form of cash flow funding which allows you to release cash from unpaid invoices as soon as they are raised. You could release between 80-90% of the cash tied up in unpaid invoices, with the cash made available to you within 24 hours of raising an invoice.
With Factoring, you send a copy of the invoice to both your customer and the Factoring lender. The lender will then make a pre-agreed percentage of the invoice value available to you, this is usually between 80-90%. The lender will then collect payment from your customer and return to you the remaining 10-20% of the invoice value, minus any fees.
Approved invoices are purchased before the due date and the final price and terms are agreed based on our credit score, taking into account your customers and services and/or products sold.
Please note that this information has been extracted from the Intrum Justitia website www.intrum.com/Services/Financial-Services/Factoring/
Last updated: August 2016