Factoring Qualification Criteria

If your business satisfies the following critiera then it is likely to be elligible for factoring. To be sure please speak to one of our advisers, in confidence, about your paricular circumstances.

Qualification criteria for Factoring

• You must be a business - this includes limited companies, public limited companies, partnerships, sole traders and other types of legal business entities.
• You must sell on credit terms i.e. offer a period of credit rather than receiving payment in advance/in cash/upfront.
• You must sell services or products to other businesses.
• You must work within a suitable industry sector - this is a list of suitable industry sectors but if your sector does not appear you should discuss your situation with one of our advisers as it may still be suitable.
• You may be a new start business or an established business.
• Your financial situation is unlikely to be an issue even if you have CCJs, are in an IVA or a CVA.