Invoice Factoring - What is IF

What is Invoice Factoring?

Build working capital with better cash flow

Invoice Factoring (also known as Debt Factoring or just Factoring) is ideal for businesses who are either keen to grow fast, or facing cash flow challenges and want a professional team to help with credit control. As an alternative to bank loans, overdrafts or credit cards, it can bridge the gap between raising a customer invoice and getting paid. It can also free up your time because we manage your collections for you.

We also offer a confidential factoring service however, you prefer to manage credit control and have an in-house team, you should consider using Invoice Discounting.


Invoice Factoring explained

Invoice Factoring allows businesses access to funds against what is often their most significant asset – their debtor book. Supporting clients of all sizes, from start-ups to corporates, it can be particularly useful for businesses who want to build working capital to grow without the burden of fixed-cost lending such as traditional bank loans.

Download A Guide To Invoice Finance

How does Invoice Factoring work?

Invoice your customer

Invoice your customer

Raise your invoice and upload the details using our secure online portal

Access your funds

Access your funds

Within 24 hours you will be able to access your funds

We collect on your behalf

We collect on your behalf

We are very discrete, your customer will not know who we are

We pay you the ramainder

We pay you the remainder

Minus our fees as agreed with you in advance


Office Individual 4

Can Invoice Factoring help my business?

Designed to help your business grow

If you want to relieve cash flow pressures, access funds tied up in invoices and free your time from chasing late payments, then Invoice Factoring can help. Unlike a traditional bank we are a little more flexible and able to help if:

  • You provide goods and/or services to any other business
  • You give your customers credit terms of between 30 and 90 days
  • You would like to concentrate on your business and are happy for us to manage your credit control
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Invoice Factoring key facts

Key features of Invoice Factoring and the benefits you can get working with the UK's leading alternative business finance provider. Bibby Financial Services has been helping businesses grow for over 30 years.

FEATURES

  • We release up to 100% of invoice value within 24 hours
  • You get cash against the value of your invoices as they are raised
  • The fund you can access grows in line with your sales
  • The duration is unlimited on a rolling contract
  • We liaise with your customers for payment
  • You can opt to make process confidential
  • Combine with Bad Debt Protection for total peace of mind
  • Manage your account with our 24/7 Client Online service

BENEFITS

  • Speed: access to cash within 24 hours to meet payments or make important purchases
  • Control: we manage your credit control and sales ledger
  • Personal: we get to know you, as we have many clients who value our relationship-based approach and our Service Promise
  • Convenience: you can check your funding at any time using our 24/7 Client Online service 
  • Security: you can opt to protect against customer insolvency with Bad Debt Protection
  • Confidentiality: opt for confidential service and we will not disclose you are using our service
Other funders pulled out due to volatility in our market but the team at BFS believed in our business and with their support we have returned to being a growing and profitable company. SIMON SHARKEY, Managing Director, YORKSHIRE BUILDING SERVICES

How do I get Invoice Factoring for my business?

Initial Contact

When you contact us, you'll speak with one of our specialist team who will get to know your business and then arrange a face-to-face meeting with a Business Development Manager.

Building a picture

During those meetings we will work with you to understand your business goal and needs, after which, based on the information you give us, we will make an indicative offer.

Credit Offer

Once accepted, your proposal is then put before our credit committee for approval. On approval, we then put the formal Credit Offer to you to sign.

On-boarding

When you are all signed up, we'll arrange training and support for you and your team so you can start processing invoices and managing your account using our secure portal - Client-Online.