Your customers will be made aware of the factors involvement, usually by a notice on the face of the invoice. Under this facility, customers are not aware of any third party involvement. Single Debtor Finance Finance can be provided against individual debtors, or even individual invoices. When exports comprise the majority of your sales ledger it is advisable to seek a finance provider that is fully conversant with, and will provide finance against exports. There are an increasing number of specialist finance providers willing to specialise in the export market.
Trade finance is used for precisely that purpose.
Once the goods are delivered, the transaction can then be factored. Due to the risk, funding these transactions through specialised lenders can prove expensive, but some profit is better than no profit at all. Choosing the right facility and the right factor for your business can be a daunting and time consuming task. A site visit may or may not be necessary depending upon the individual circumstances Identification of suitable lenders and initial discussions. In most cases our fees are limited to the commission received from the funder If you are interested in discussing whether a factoring or invoice discounting facility would be of benefit to your company please contact us to speak to one of our factoring consultants.