Invoice Factoring provides funds against the value of your outstanding sales invoices.
Facilities are generous and fast: on a sales ledger of £100,000 you could have funds of up to £90,000 in your bank in a matter of days. You save management time as we credit check your customers and assist you with credit control. There is no need for constant negotiations on funding limits as the facility grows as your business grows.
Steps to Invoice Factoring
1. You deliver your goods or services and invoice your customer as normal. The invoice includes an assignment notice asking your customers to pay Calverton.
2. You send us a copy of the invoice (uploaded via our easy to use online portal).
3. We make available up to 90% of the invoice value (including VAT). You decide how much you want to draw down and we transfer funds into your bank account the same day.
4. Your customer pays.
5. The balance of the invoice (10%) is released to you.