Single Invoice Discounting,  Spot Invoice Discounting or Spot Factoring

For some companies a full Factoring or Invoice Discounting Facility is not appropriate. Such businesses may be very seasonal or have a number of divisions within the business and only a small part is appropriate.

However these businesses may also like the flexiblity of being able to borrow cash against specific invoices to either purchase equipment for the customer or obtain better purchase prices for components used.

Until recently the only option for these businesses was limited.

Single Invoice Discounting, Spot Invoice Finance or Spot Factoring as it is sometimes called however is becomng more accepted and understood.

There are no costs to set up a facility and no requirements on how much it is used.

Once a facility is in place then any invoice between £10000 and £50000 gross can be financed and once appropriate credt checks are complete (usually 5 days) 85% of the invoce value will be deposited in your current account. The balance paid when the customer pays. The charges are based on the length of time the customer takes to pay and vary between provider so its best to call us on and we can advise and get some quotes.

If you dont want to be tied into a full factoring agreement but want the flexibility of finance when you need it then Single Invoice Discounting, Spot Invoice Finance orn Spot Factoring may be the answer.

Call us on 0845 643 4722 for advice and a quote.