If you have a factoring quote what are the things that you should look out for? Prepayment - this is often quoted as up to and it makes it hard to compare offers unless you have actually had a survey done by a lender. Service fee - look at both the % service fee and minimum fee. Discounting Fee - remember to look at the margin, understand which base rate is being used and importantly what minimum base rate is being used. Audit fees - what are the fees and how ma...
Read full articleWhy Use an Invoice Factoring Broker? Businesses looking for a suitable invoice finance company can obviously try accessing lenders directly via a telephone directory or through a simple internet search. Alternatively they could look for recommendations from accountants, bank managers or business suppliers. For businesses who are the identical ‘blue print’ of what the invoice factoring lenders are looking for this can work and the business will be able to source a...
Read full articleWelcome to the Invoice Factoring Forum and Blog. This is a discussion board for anything related to the invoice factoring industry. As the industry changes as some lenders leave the market and new ones arrive, new products are developed or we come accross matters of interest we will keep you updated. We welcome opinions but where possible please keep them constructive with the view of helping people gain an insight into the industry and more specifically into this fo...
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