Funding to support your cash flow based on an invoice of your selection.
The painless way to get specific invoice funds released early, with no further obligations.
Either an individual invoice or multiple invoices from your debtor book can be sold.
Your funder can provide you with an agreed advance, typically 70-85% of the value of the invoices selected.
When the invoice is due, the funder receives payment from your customer then makes the balance available to you minus agreed fees.
We will assist you every step of the way and support you after you have secured the funding you need.Apply Now
“Touch Financial were there whenever needed, but at the same time never overcrowded us which is also something I enjoyed. I know if I need anything from Touch I can email or call and someone will help me straight away.”
Also known as single invoice factoring, spot factoring which can be seen as a ‘pay-as-you-go’ arrangement involves a business assigning an outstanding invoice, usually in excess of £5,000, to a spot factoring funder who will provide you with an advance. The difference between this and traditional invoice finance facilities is the flexibility of choice.
Touch Financial have a dedicated team of experts on hand to connect you to a suitable funder for your business needs. If you require immediate funding and would like help finding a financial partner for you, or to learn more about how Spot Factoring can help your business, then fill in our contact form or alternatively you can call 0845 388 9725 to speak to one of our consultants today.Contact Us
Industry: Surveying Turnover: £120k Lender: Bibby
“We’ve seen a big difference. Customers who used to pay late are now settling their invoices on time, because they’re being chased. It’s going really well and our cash flow has improved significantly.” – Managing DirectorRequest Quote
Industry: Civil Engineering Turnover: £1m Lender: Aldermore
“Without this invoice finance arrangement we would not have been able to fulfil this major order, which would have had serious implications for our business. The invoice finance gave us what we needed, when we needed it.” – Director.Request Quote