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How does invoice financing work?
Invoice Finance works by advancing the cash you are due to receive from the invoices that your customers have yet to pay. It means you no longer have to wait the 14 to 120 days you may have agreed with your customers before receiving payment, resulting in a far improved cash flow position.
There are many added beneficial extras available with invoice financing services which can be tailored to your company’s needs – such as credit collection, chasing down unpaid invoices and assistance with payroll facilities.
With so many lenders on the market, finding the best invoice financing solution can be confusing. This is why the Touch Financial team are on hand to help and explain all of your potential options. We compare lenders on your behalf in order to find you the best invoice finance deals – and provide you with two or three quotes from the most appropriate invoice finance companies for your specific requirements. Best of all, there is no charge to your company for using our service.
Invoice factoring could allow access to up to four times as much cash compared to what may be available in more traditional bank overdraft facilities. Includes credit collection services.
Likely Advance £0
Total fees £0 pm
Discount Fee (interest): £0pm (£3 pa)
Service Fee: £0pm (£5,000 pa)
* The Advance rate may vary depending on the nature of your business and industry. Fees are based on averages from clients of Touch Financial from 1st January 2015 - 31st October 2016 and the current Bank of England base rate of 0.25%.
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0845 388 9725
All of the customers in our case studies have been kind enough to share their experience of the service we provide.
"Very polite and a professional team of financial advisers who seem to know their business, work well within their industry and get a result."-Invoice Finance Introduction
We pride ourselves on our high service levels. Please see what our customers have to say about us through the independent review service, Feefo.