In the simplest terms, invoice financing is when a company assigns its sales ledger debts to a chosen factor for a specified period of time. Although the standard term is 12 months, some factoring companies will accept contracts from as little as three months, whilst others will not accept shorter periods.
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...Continue readingThe term invoice discounting refers to a specific form of short-term borrowing that is often favoured by companies that are looking to make an improvement to their cash flow and working capital.
With invoice discounting, a business is able to bring in money against its sales invoices before those invoices have actually been paid by the customer in debt to the company.
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...Continue readingA good place to start when looking for factoring companies or invoice discounting companies is the Factors and Discounters Association which has lists of factoring companies in the UK and lots of helpful information.
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...Continue reading