Factoring
Get paid sooner and release capital by selling or borrowing against your invoices.
Better liquidity
Releasing the capital tied up in outstanding invoices gives you steadier finances and more room to act day to day.
Flexible arrangements
Choose between selling the invoices or borrowing against them. We help you decide which option best fits your needs and your customers.
A secure process
We make sure everything runs smoothly from start to disbursement, with clear terms and personal advice all the way.
How does it work?
Apply digitally
Complete the application in our portal.
Initial answer within 12 hours
We analyse the deal, gather the supporting documents and come back with a decision.
Disbursement
We send out the agreement, and once it is signed you are paid for your invoices on an ongoing basis.
What is factoring & how does it work?
Factoring means you are paid for your invoices straight away, instead of waiting for your customers to pay. By selling the invoices, or borrowing against them, you release capital that can go towards running costs, investments or new business. For many companies it is an effective way to create a stable cash flow, particularly in sectors with long payment terms.
The invoice is sent to the finance company, which pays out between 70 and 90 per cent of the amount immediately. Once your customer has paid the invoice, you receive the remainder less the fee for the service. That way you get quick access to capital, avoid spending time on administration and payment reminders, and can focus on moving the business forward.
Why many companies choose factoring
Factoring is a flexible solution that suits companies in most sectors. By releasing capital and strengthening liquidity, you no longer have to wait for customer payments and can focus on moving the business forward instead. Common uses are:
- evening out cash flow when payment terms are long
- releasing capital for new projects or investments
- handling seasonal variation without taking on a loan
- reducing the administrative burden of invoices and payment reminders
- covering running costs such as salaries, purchasing and supplier payments
Frequently asked questions about factoring
What does factoring cost?
The cost depends on the invoice amount, your customer's creditworthiness and the payment terms. You always get a clear offer before you decide, with no hidden fees.
How quickly do I get paid?
70–90% of the amount is usually paid out the same day the agreement is signed, sometimes within a few hours. The rest is paid out once your customer has paid, less the fee for the service.
Invoice purchase or invoice discounting?
With invoice purchase you sell the invoice and the finance company takes over both the invoice and the risk. With invoice discounting you use the invoice as security and receive a credit based on its value, while keeping the customer relationship yourself.
What does recourse factoring mean?
Recourse factoring means that you, as the company, remain liable if your customer does not pay the invoice. It is the most common form of factoring, often with lower fees and faster disbursement.
How many invoices do I need to sell?
You decide how many invoices you want to sell or borrow against. In many cases there are no volume requirements or lock-in periods, but factoring often works best for companies handling a larger number of invoices on an ongoing basis.