Touch Financial
4.9
300+ Reviews

Compare Invoice Factoring Companies & Quotes

Bridging the gap between raising invoices and receiving payment is a familiar problem for most business owners. Unfortunately the problem appears to be getting worse, with over 1,000,000 businesses affected by late payers by the end of 2009, an incredible increase of 54% on 2008.

Cash flow issues can cause a number of problems, including:

  • Stumped growth
  • Unable to pay staff or creditors
  • Arrears with the crown, i.e. tax man
  • Unable to take on more customers due to lack of resource

Calculate the costs of factoring instantly online >>

Would you like your invoices paid tomorrow?

Working with a Factoring company you could immediately release up to 95% of the cash tied up in your unpaid invoices — effectively allowing you to receive payment as soon invoices are raised!

A lender will also manage your sales ledger on your behalf, chasing and collecting payments from customers. This service could save you both time and money as additional headcount and expensive management systems may not be required.

Factoring and Invoice Discounting could also operate as a confidential service. This would involve a lender chasing and collecting money using your name as opposed to contacting the customer as Barclays for example.

Compare invoice factoring quotes from the UK’s leading lenders

Touch Financial is the UK’s largest independent Factoring broker, providing free guidance to over 500 businesses a month.

We work with over 30 of the UK’s leading Factoring lenders, including Lloyds TSB Commercial Finance, Barclays Sales Finance and Royal Bank of Scotland.

With such a broad panel of lenders and the volume of businesses we help each month, Touch have access to preferential rates and special offers — including a 28 day no-commitment period – so why not choose to use our service to compare invoice factoring companies for you.

How much does Factoring cost?

Unlike a business overdraft and credit cards the fees associated with Factoring are relatively low, making it perfect for long term borrowing. There are a few variables which determine the rate you pay, including your turnover, industry, credit score of your customers etc.

Calculate the costs of using factoring instantly online >>

Benefits of working with a Factoring lender

  • Better Cash Flow — Access cash you’ve already earned in 24 hours instead of waiting 60 days!
  • Flexible funding — The amount of finance available will grow in line with your turnover.
  • Save time — Save time by allowing a lender to chase and collect payment from customers on your behalf.
  • No collateral is required — No collateral is typically required to sure funding
  • Confidential service — Factoring can operate as a confidential service, meaning your customers never need to know you use the service.

Factoring for start-ups and young companies

There are a number of advantages for firms who use Factoring rather than overdrafts or business loans to finance their business. Young, high growth firms can find Factoring particularly useful. Banks are often wary of lending unless the company can show substantial collateral. With Factoring, on the other hand, a business with few physical assets unlock cash that is tied up in the business by raising money against its invoices. Factoring lenders are willing to advance money to start-ups, as long as they have significant invoiced revenues coming through.

How much cash could you release from your unpaid invoices? Compare quotes online >>

Explore Further

Touch Financial rated 4.9/5 based on 300+ customer reviews. See reviews here »

Visit our Case Studies


Visit our case studies feed to find out more on how alternative finance products such as invoice finance have helped UK businesses in all industries and turnover.

0207 001 9142

Customer we have helped

All of the customers in our case studies have been kind enough to share their experience of the service we provide.

VIEW OUR CASE STUDIES >

"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

Customer Reviews

We pride ourselves on our high service levels. Please see what our customers have to say about us through the independent review service, Feefo.

READ OUR REVIEWS >

LIVE   CHAT

0207 001 9142