Factoring vs Discounting

We offer both factoring and invoice discounting. You get up to 95% of the value of your invoices within the same time frame. The difference between the two options is quite simple:

What is Invoice Factoring?

You get the money you’re owed within 24 hours, but when the invoice is due we’ll take care of collecting the payment from your customer on your behalf so you and your team can focus on other areas of your business. We then forward you the remaining balance, minus our fee.

What is Invoice Discounting?

You still get the money you’re owed within 24 hours of issuing your invoices, but you remain responsible for collecting the payments from your customers.

Which one is right for my business?

That depends on your pain points and ambitions. If you’re looking to boost your cashflow but you’re happy to remain responsible for chasing your customers, then Invoice Discounting might be the right choice for you.

If you prefer to outsource the collection onto us so that you can focus your efforts elsewhere within your business, then Invoice Factoring can help meet all of your requirements.

There is no right or wrong option when it comes to which type of Invoice Finance you should choose – it’s all down to what fits your business better! If you’re unsure which one might help you meet your ambitions our team of experts will be able to assist and tailor the right funding for your business.

Let’s get things moving

If you would like to talk to us about any funding needs, call us on 0800 121 7757, register as an Introducer or request a quote for your business today