What is the cost of Factoring or Invoice Discounting?
If you contact us we will search the market for you, free of charge to find quotes and quotations that are specific to your business. We DO NOT make any charge for the service that we provide to you. We will seek to save you money on any existing facility you may have. We have found cost savings of at least 33% for many of our clients.
These are links to pages that set out examples of the cost of factoring and invoice discounting:
How Do Invoice Finance Costs Work
The company that provides your debt factoring or invoice discounting facility will normally make two main charges which are often as follows:
Administration Charge (or Service Charge)
This is a fee for managing your debtor sales ledger if you are factoring or for maintaining your account if you are invoice discounting. This is expressed as a percentage of the value of the sales invoices that you raise. The fee will typically range from 0.2% to 3.5%. We have
links to invoice financing companies that will seek to reduce the cost of any existing facility that you may be using already.
Discount Charge
This is a charge, similar to interest, that is levied in respect of the funds that you actually use. It will normally be between 1.0% and 3.5% over bank base rate. We are aware of invoice finance companies that are currently offering special offers in respect of the
discount charge which will save you money.
Other Charges
You should ask the factoring or invoice discounting company for details of any additional charges that they may make.
Cashflow Acceleration Ltd will NOT charge you to use their service.
The exact charges are particular to your circumstances so we would need to gather some basic details from you in order to find specific quotations for your business. If you would like us to search the market for quotations for factoring or invoice discounting for your business please contact us and we will do the rest:
Complete an: ONLINE QUOTATION SEARCH REQUEST
Read an Article about Understanding Factoring and Invoice Discounting Quotes & Quotations
For further information about Factoring follow this link
For further information about Invoice Discounting follow this link
