Finding the right supplier that changes everything !
  1. Print this document.
  2. Fill in the form and fax it to 0207 520 0800.
HomeManagement & FinanceBusiness financesInvoice factoringInvoice factoring vs invoice discounting

Invoice factoring vs invoice discounting

Learn more about the differences between invoice factoring and invoice discounting

Invoice factoring vs invoice discounting

Main benefits:While invoice factoring and invoice discounting share a lot of similarities, they are still slightly different services. However your business can get up to 95% of their invoice values on the same day with either invoice factoring or invoice discounting facilities.

Invoice factoring vs invoice discounting

Learn more about the differences between invoice factoring and invoice discounting

Invoice factoring & invoice discounting: the similarities
  • After checking your accounts and sales ledger, invoice factoring or invoice discounting companies will let you know whether your business has a sufficient turnover to benefit from an invoice discounting or factoring facility. They will also let you know what amount of cash can be released against your invoices.
  • Invoice discounting and invoice factoring companies will ensure that your invoices are split between several business customers.
  • If your business meets all criteria, including standard credit terms for your industry, you could receive up to 95% of your invoice values on the same day.

Invoice factoring
Copies of all your invoices are sent to your factoring company.
The invoice factoring company deals directly with your customers and collects the invoice money for you.
You don't need to chase overdue invoices and late payments, The factoring company will do that for you.






 
Invoice discounting
Invoice discounting remains anonymous at all times and the invoice discounting company doesn't have any contact with your customers.
With invoice discounting you remain responsible for collecting your overdue invoices.

Once you've received payment for your invoices, you send the money on to the invoice discounting company and they will then pay you the outstanding amount, minus their own charges.




Invoice factoring vs invoice discounting
------------------------------------------------------------------------------------------------------------------------------------------------------------------

Main benefits: While invoice factoring and invoice discounting share a lot of similarities, they are still slightly different services. However your business can get up to 95% of their invoice values on the same day with either invoice factoring or invoice discounting facilities.

 

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

 

Your contact details :

Title*

Last Name*

Address*

First Name*

Company name*

Postcode*

City/Town*

Fax  

Phone*

Email*

Mobile  

Company Reg. No.  

Department  

Position  








Activity  

How did you hear about us ?  








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