An Overview Of Independent Invoice Factoring Companies

When a business takes the decision to raise working capital and free up cash flow through Invoice Factoring, the choice of provider can be a difficult one to make.

There are a great number of Invoice Factoring companies offering their services – as any internet search will demonstrate. As well as all the big banks, there are also a huge number of independent companies who offer this service.

It’s a decision that is very important as the relationship between a business and its Invoice Factoring company can be key to whether the arrangement will be as beneficial as possible.

One way of narrowing the choice down to a more manageable level may be to go through a recognised and respected broker like Touch Financial.

We have a number of independents who we work with on a regular basis – four of which are profiled below. This means that we can confidently recommend their services to businesses which are searching for Invoice Factoring companies. We also know each lenders particular strengths and specialisms, allowing us to easily identify those lenders which are particularly experienced in a certain industry sector.

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Snapshot of Touch’ lender panel

Touch Financial work with over 20 Invoice Factoring companies, providing our customers with favourable rates and special offers which they wouldn’t be able to obtain by going direct.

Here is a snapshot of just four of the lenders Touch work with:

  • Venture Finance has a 20% share of the independent Invoice Discounting sector, making it one of the biggest players. It’s showing very strong year on year growth and claims to collect payment an average of 14 days sooner than the industry norm. Its claims for service excellence are also backed up by awards – it’s been named the Credit Today Factor Discounter of the Year two years running.
  • Hitachi Capital specialises in helping small to medium sized companies with a turnover of between £100,000 and £10,000,000 a year. It prides itself on the very high levels of service it provides and guarantees that each Client Manager has a maximum of 25 customers. It also sells itself on the flexibility that it can offer as it is completely independent of high street banks.
  • Ultimate Finance’s key selling point is the speed with which it acts on its customers’ behalf as it predominantly offers internet-based funding. Its management team are all shareholders in the company so it also shows great commitment to customer service at every level.
  • Eurofactor is Europe’s leading integrated receivables finance network which is dedicated to building long term relationships with clients both in the UK and on the continent. The company takes great care to research its clients’ markets to give the best possible service.

The role of Touch Financial

With so many Invoice Factoring companies to choose from, a business really does need all the help it can get to choose the most suitable one in terms of cost, experience and service. Touch Financial can offer this help, along with all these benefits:

  • Our service is FREE. Our income is derived from the commission we receive from Invoice Factoring companies for making successful introductions.
  • Our advice is independent and impartial so we will only ever recommend the best options for your business.
  • We have long-standing links with more than 20 of the leading lenders throughout the including the independents featured above
  • Our service is fast – we endeavour to return quotes to you on the same working day.
  • We have access to exclusive offers and rates with lenders which are not available anywhere else

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Every month Touch Financial help businesses improve their cash flow with invoice finance. Request a quote to find out how much extra cash you could raise.

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