Disclosed Invoice Factoring from Skipton Business Finance
With many businesses now having to wait up to 30 (and in some case even 90!) days for invoices to be paid, it’s no wonder business owners are looking for ways to access working capital to ease their cashflow.
By using a Disclosed Invoice Factoring solution, where your customers are aware of our involvement in funding your business, you can unlock the cash you have tied up in unpaid invoices so that you can forget about your cashflow woes and focus instead on running and growing your business.
What is Disclosed Invoice Factoring?
Disclosed Invoice Factoring is an Invoice Factoring solution that advances money to a company as it issues new invoices.
Your Invoice Factoring solution with Skipton Business Finance will operate on a disclosed basis, meaning that your customers will be aware of our involvement. This is done by placing a Notice of Assignment on your sales invoices kindly asking all your customers to make payments directly to us.
How do Invoice Factoring facilities work?
Instead of waiting days and days for all your customers to pay you, our Disclosed Invoice Factoring solution can advance you funds against your unpaid sales invoices up to a pre-determined percentage. Our experienced and professional team will then take the responsibility for securing the payments from your valuable customers and giving you the best financial service .
Not only will you have the peace of mind that those customers are being dealt with by our friendly and hard-working credit control team, but our efficient service means that you can have access to funds quickly.
Why use Skipton Business Finance?
We pride ourselves in our flexibility and you can be assured that our Disclosed Invoice Factoring solution will be tailored to operate with you business and, more importantly, customised to how your business then develops.
Our experienced team adopt a commercial approach to underwriting, putting your 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.
We are a Skipton Building Society Group company
We are a subsidiary of Skipton Building Society, the UK's fourth largest mutual.
The Society was established in 1853 in Skipton, North Yorkshire, where the Head Office does remain. It has over 750,000 members and 100 branches across Great Britain.
Contact us today & get a FREE quote!
Backed by Skipton Building Society, one of the largest financial establishments in the UK, means we have funds ready to lend to businesses up and down the country.
If you would like a no-obligation FREE quote, please get in touch by ringing us on 0800 0854150 (call 0330 1232437 if ringing from a mobile).
You can also email us at email@example.com.
Or why not utilise the handy form on the right and we'll call you back!
Find out more
At Skipton Business Finance, we offer the following types of Invoice Finance: