What is Spot Factoring?
Spot Factoring is a way for businesses to access cash by covering an individual invoice (typically over £50,000) it is important to assess if an overall facility is more beneficial on an ongoing basis however this service can be provided on an ad hoc basis separately from the current invoice facility in place or even if you only want to cover this requirement and nothing else.
Release up to typically 70-85% of the value of invoice
No hidden fees fully transparent from the outset
Once the invoice has been paid the remaining balance is paid back to you (minus the lenders fees)
Speed – Money injected back into your bank to cover payments and other business plans
Flexibility – No long contracts you choose which invoice to cover
Control – You know where you are and can be in addition to current facilities
Steer you cash flow in the right direct and get in touch with the team on 01978 598611