Invoice Factoring
Invoice finance where the provider may also support sales-ledger administration and collections.
Key Features
- Lender manages sales ledger
- Credit control handled for you
- Bad debt protection available
- Funds within 24 hours
Use Cases
- Outsource credit control
- Save admin time
- Protect against bad debts
Eligibility Criteria
Documents commonly requested
- Recent business bank statements
- Latest filed accounts and current management information
- Identification and business ownership information
- Evidence supporting the funding purpose
- Property, asset, invoice or contract information where relevant
The exact list depends on the facility and lender. Documents are requested only when relevant to the application.
Important considerations
- Compare the total cost, not only the headline rate
- Understand arrangement, valuation, legal and exit fees where applicable
- Check how repayments affect business cashflow
- Review security, debenture and personal-guarantee requirements
- Consider early repayment and default provisions before signing
Estimate potential costs
Use the invoice finance calculator freely before deciding whether to make an enquiry. Results are indicative and are not an offer of finance.
How it works
- Tell us about your funding need
- We compare the whole-of-market lender network
- Receive competitive offers tailored to you
- We manage the application to completion
Why use FinanceMyCompany?
- Whole-of-market lender access
- Transparent, fee-clear advice
- Dedicated finance specialist
- Fast, straightforward process
Invoice Factoring — Frequently Asked Questions
Is factoring right for my business?
Factoring suits businesses that want to outsource credit control. If you prefer to manage your own ledger, invoice discounting may be better.
Ready to explore invoice factoring?
Speak to a specialist and get tailored options from our whole-of-market lender network.
Apply NowRelated business finance
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