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HomeManagement & FinanceBusiness financesInvoice factoringFactoring & Invoice Discounting with Bad Debt Protection

Factoring & Invoice Discounting with Bad Debt Protection

Opt for the UK's no. 1* invoice finance provider

Factoring & Invoice Discounting with Bad Debt Protection

Main benefits:Give your finances flexibility: a factoring and invoice discounting facility that grows in line with your sales. With Bad Debt Protection your new customers are credit checked and credit limits are set for them. With the collection service, you can concentrate on growing your business rather than chasing invoices.

Factoring & Invoice Discounting with Bad Debt Protection

Opt for the UK's no. 1* invoice finance provider

D
ebt factoring. Invoice factoring. Invoice discounting. Asset based lending. There are lots of different names for the services RBSIF offer. However, one theme remains the same: they turn your unpaid invoices into cash which you can put to work immediately.

How bad debt protection works
Designed to complement your Invoice Finance agreement, Bad Debt Protection is an affordable solution that mitigates the impact of bad debt caused by the formal insolvency of a customer, giving you certainty of payment when things go wrong. The service can put you ahead of your competitors, allowing you to take on more business and grow with confidence without the worry of bad debt if any of your customers go into formal insolvency.


87%(1) of RBSIF existing clients would be willing to recommend them

RBSIF only pay a maximum of 90% of the invoice amount. What happens to the rest?
The 90% is the usual upper limit for the initial payment made. However, RBSIF certainly do not keep the remaining 10%. This is paid when your customer settles the invoice, minus RBSIF service charges. Service charges pay for the collection service - when RBSIF collect money on your behalf.


Why is factoring more expensive than invoice discounting?
With factoring, RBSIF process payments and deal directly with the clients who owe you money. With invoice discounting, your business would have to perform all these functions.


Export and import: the support you need to trade overseas
Support in multiple currencies. Multi-lingual collections teams. A wealth of local knowledge. With RBS Invoice Finance, export and import doesn't have to be complicated. Find out how our specialist team can support your plans, and help make your international sales run as smoothly as your domestic ones.




Invoice finance: choose the right option for your business
They offer the same basic benefits - essentially by turning your invoices into cash

Invoice Discounting
Factoring
Immediate cash injection of up to 90% of the value of your unpaid invoices (balance, less our service charge, paid later)
Anonymous - your clients don't need to know you're using the service
X
RBSIF collect payments for you - full sales ledger service
X
Funding grows with your sales
The same level of finance on all approved sales
Funding exports
Protection from bad debts (Optional)



Invoice Discounting - anonymous With invoice discounting, your customers won't know you're using the service.

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Main benefits: Give your finances flexibility: a factoring and invoice discounting facility that grows in line with your sales. With Bad Debt Protection your new customers are credit checked and credit limits are set for them. With the collection service, you can concentrate on growing your business rather than chasing invoices.

* Source: Business Money Receivables Review 2007, 03/2008 (1) Source: RBSIF Client Satisfaction Survey, April 2008 based on 196 respondents.
 

Additional Information :

Please indicate your company's estimated turnover for next year: *

Please indicate the type of accounts for which you need invoice factoring: *
Mostly UK Customers
Mostly Export

Please indicate your type of customers : *
Mostly Business
Mostly Private Consumers

Please indicate the industry in which you operate: *

Have you already enquired about invoice factoring through any of the following companies? *
Aston Rothbury
LloydsTSB Commercial Finance
RBSIF
Simply Business
SMEif
None of the above or never

What is the postcode for this project? *

Additional comment

 

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Company name*

Postcode*

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  1. Print this document.
  2. Fill in the form and fax it to 0207 520 0800.