Selective factoring allows you to choose which invoices you factor. This means that you can turn selective factoring on an off as required.
If you have a sporadic requirement for working capital selective factoring can be a cost effective solution for your business.
How does selective factoring work?
- Selective factoring allows you to notify a single invoice or a batch of invoices to be financed.
- The selective factoring company will conduct some due diligence.
- Once they are happy to deal with you you sell them the invoices.
- The selective factoring company will check that your customers are happy with the products or services you have delivered.
- They will advise your customers that the invoices have been purchased.
- You are provided funding by the selective factoring company.
- On the due date the customer pays the selective factoring company.
If you require selective factoring please contact Smart Factoring Quotes.