This is what Factoring and Invoice Discounting are known as collectively – two forms of releasing cash from unpaid invoices
What is Factoring?
Essentially, it’s when a company releases cash tied up in unpaid invoices- we’ll pay you an agreed percentage upfront, then when the invoice is paid to us, we’ll pay you the remainder minus a small fee. It's sometimes referred to as 'Debt Factoring' too.
What is Invoice Discounting?
Similar to factoring but your credit control will continue managing your relationship with the customer
What is Non-recourse Factoring?
What we call at Bibby ‘Bad Debt Protection’ which will safeguard you against non-payment by a customer
What is Confidential Factoring?
We don’t tell your customers that you are using a factoring facility so we will act as if we’re part of your credit control team.
What is Asset Finance?
Asset Finance is where you can either finance assets you already own or where you want to fund additional equipment. The most popular types of asset finance are Hire Purchase and Leasing which help you spread the cost of investing in new equipment.
We also do more specialist funding such as Trade Finance to help you with suppliers both in the UK and abroad, Export Finance for selling overseas and Construction and Recruitment Finance which have both been designed specifically for their sectors.
For more information on each of these services either download our Simple Guide to Invoice Finance or click on the links below: