95% of the cash tied up in your unpaid invoices could be released immediately using Factoring. How would your business benefit if you removed the 60 days it takes to receive payment? How much quicker could you grow?
As part of the service the lender will also manage your sales ledger, credit control and payment collection. This part of the service could save you both time and money as you won’t have to invest in expensive management systems or time/headcount to do tasks such as chase payments.
Touch Financial is the UK’s largest independent factoring broker, working with over 20 lenders. This provides us with access to preferential rates and special offers, such as a 28 day notice period!
Compare quotes instantly online or speak with one of our experts to find out how factoring could benefit your business – 0845 388 9725!
When new invoices are issued you send a copy of the invoice to both the customer and the lender. The lender will then make a pre-arranged percentage of the invoice value available to you, typically within 24-hours.
The lender will also manage your sales ledger, chasing and collecting payment. Once the lender has collected payment they will pass back any money owed to you minus their fees.
The cost of Factoring is driven mainly by the lenders service fee, this is an agreed percentage of the cash you draw from the lender. Using our online quote form you can calculate the cost of using a Factoring service.
Our aim at Touch is simple, to save you time and money by putting you in touch with the right lender.
No-obligation quotes are available through our quick and easy to use online quote form. We also have a dedicated team of factoring experts on hand to take your call should you need any more information or advice.
We’ve helped thousands of business owners find the right finance through over 60 years combined experience in the commercial finance arena, how can we help you?
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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.