We can help you

> Start a new business
> Refinance your business
> Improve cashflow
> Turnaround your business
> Grow your business
> Buy a business

What it costs

    Invoice finance (invoice factoring and invoice discounting) is more flexible than traditional bank funding. Fees differ from business to business and most lenders offer individual bespoke packages tailored to your specific needs.

    Generally, there are two fee components:

    > Service fee.
    > Interest.

    The service fee is charged to cover the daily running costs of the sales ledger and the provision of the facility, charged on a percentage of the funds advanced to you.

    The interest charge is based on the money advanced to you.

    When starting to use invoice finance for the first time, the lender will charge a “Retro”fee, which will relate to the existing outstanding invoices that are taken over. However, funds relating to these existing invoices will be immediately released. Sometimes a lender may also charge an arrangement fee. Compare Factoring can assist with the negotiation of fee levels.

    When looking at the costs, you must take into consideration the savings you will make when using an invoice finance facility. These will include staff expenditure (as the lender will manage your credit control) and other office costs.

Customers Stories

Conrad Thornton of Green Street Media tells us how Target Business Assist have provided their business with a new invoice factoring system that has dramatically improved their cash-flow
Conrad ThorntonGreen Street Media LimitedChester, Cheshire

"All About Savings have provided our business with a new invoice factoring system that has dramatically improved our cash-flow position and flexibility with our clients..."