Factoring Finance for UK Businesses – FAQ

Do I have to repay the fac toring company if the invoice is a write off ?

Simply, NO. The factoring company act as your credit control staff, and they also accept full responsibility for the customers conduct as to meeting the payment when the invoice becomes due.

I give my customers 60 d ays credit is this a problem?

Again, NO. Some clients offer 90, 120 and even 6 months credit. F actoring is very much a personal service. The factor is well aware of the individual payment terms that are required to secure business in a competitive world.

I only want to factor some of my customers invoices is this OK?

YES, you can choose who you want to factor.

What to do next ?

For more help and services on factoring visit here.

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