With an invoice factoring facility from Skipton Business Finance, you can get your well-earned money straight away. Not only that, unlike automated banks, we promise that you'll have access to a dedicated Relationship Manager who will know your business and your facility, inside and out.
Why should you wait 30, 60 or even 90 days for your customers to pay your invoices?
What is Invoice Factoring?
Invoice factoring (also known as factoring) is a flexible invoice finance solution, which advances funds to a business as it issues new invoices and is probably the most common form of invoice finance in the UK. You can wave goodbye to waiting an age for your customers to pay!
How does it work?
Instead of waiting for all your customers to pay you, with our invoice factoring solutions, we can advance funds up to the value of 100% of your outstanding sales invoices. Our experienced and professional team will then take the responsibility for securing the payments from your valuable customers. You will also have the peace of mind that those customers are being dealt with by an industry-leading credit control team.
What are the benefits of Invoice Factoring?
We pride ourselves in our flexibility and the fact that our factoring facilities are built around how your business operates and, more importantly, customised to how your business then grows. This is exactly what we mean when we say that invoice factoring can prove much more flexible than a traditional bank overdraft, as your business gets its own customised business finance solution!
And the benefits don't stop there. When you become a client of ours you'll be pleased to know that we boast an extremely low client-to-staff ratio meaning that you will have direct contact with our experienced Relationship Managers.
Worried whether your business fits our criteria for lending?
Don't worry! Invoice factoring is available to a range of businesses, whilst our experienced team adopt a commercial approach to underwriting, putting your people and business at the forefront of our decision-making process. We never use a system-style scorecard and make each decision based on the individual merits of each and every business.