Invoice Factoring Overview

Why not turn your unpaid invoices into cash so you can maximise your cash flow? Invoice Factoring bridges that sometimes debilitating gap between when an invoice is raised and when an invoice is actually paid. No longer need you limit your business’ growth while you wait for that customer to pay up.

Invoice Factoring offers you the chance to free up cash locked in your business by lending you up to 90% of the value of unpaid invoices. It’s an extremely useful financial tool that enables you to ensure continuing business growth even before a major customer pays the bill. Invoice Factoring providers can also manage your sales ledger, credit control and even collect payment from your customers, so you don’t have to.

How much cash could you release from your unpaid invoices? Get a quote online now >>

How does Invoice Factoring work?

We like to describe Invoice Factoring in 6 easy steps;

Step One: You provide the goods or perform the service as agreed with your customer

Step Two: You then inform the lender of the invoice value.

Step Three: Touch Financial will find a lender who will pay up to 90% of the value of the invoice into your nominated bank account as quickly as 24 hours later.

Step Four: The Factoring provider will then collect the payment from your customer for you.

Step Five: The Factoring provider will then deduct their fees and pay you the balance of the invoice value.

Step Six: An agreed discount charge will be debited to your account if you have not drawn down the total amount made available to you by the lender.

What are the benefits of Invoice Factoring?

  • No longer do you have to endure the grueling wait for those all important invoices to be paid.
  • Invoice Factoring is flexible allowing you to borrow as little or as much as you like.
  • Invoice Factoring shifts the burden of chasing payment to someone else so you no longer have to worry about it.
  • You don’t need to surrender your assets in order to free up cash.
  • Touch Financial can offer you expert advice to help grow your business as well as offering you Invoice Factoring.
  • We take confidentiality very seriously so your customers needn’t know you use Invoice Factoring.

Why use Touch Financial?

Touch Financial are in regular contact and can offer you access to the UK’s leading Invoice Factoring providers. We have already done the hard work so you don’t need to. Our quick and easy quote form allows you to access specific information relevant to you free of charge. Alternatively the consultants here at Touch Financial are available for free, impartial advice when you should need it.

Touch Financial appreciate that young, small, or even larger businesses sometimes find it tough to grow whilst waiting for an important invoice to be paid. That’s why we offer you the opportunity to free up your cash quickly and efficiently. Why make your business suffer just because a few of your customers aren’t ready to pay their bill?

Our specialist consultants have been helping other business owners successfully set up Invoice Factoring for many years. Let us help you boost your business without the hindrance of unpaid invoices.

How much cash could you release from your unpaid invoices?  Get a quote online now >>

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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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