1. Single Invoice Factoring where you can put in one invoice and receive up to a maximum of 90% of the invoice upon verification the work is completed less fees. Due to its flexibility it has the highest fee charged per invoice. Single Invoice Factoring becomes very affordable with no lock in contracts and the availability to select your invoices you put into the facility.

2. Full Service Factoring was created by lenders to suit small to medium businesses without an accounts department. Full Service Factorings provides the small business with a Credit Department, Collection Department, Accounts Department, and Finance on invoices. Obviously the more service that is provided the more the overall costs are involved in this facility. With most small business, not having to chase your outstanding invoices, or keeping and eye on debtors to avoid bad debt, is a must to young growing companies.

3. Partnership Factoring was formulated for businesses with a fulltime booker or accountant. There was no need for the Client to have a factoring company chasing invoices, setting credit limits, or account management. Partnership Factoring means the client needs less servicing and therefore only needs a finance facility. This facility being the cheapest factoring facility in the finance industry as clients submit invoices and get funding only. The financier still provides credit checks, and account management, but a majority of the finance facility in left to the clients hands.

4. Invoice Discounting and Confidential Discounting are used by the larger finance firms. Confidential Factoring is mainly used by the banks with larger turnover clients with accounts departments. Invoice discounting can be disclosed or undisclosed, meaning your debtors, you provide invoices for, are either notified or not. The basic principal applies. Your firm would send in your ledger being charged a service fee and have the availability to draw up to 80% of the ledger at request. Once funds are draw you pay commercial interest rates on those amounts until debtor pays. Basically an unsecured Overdraft against your debtors.
Factoring the oldest form of debtor Finance and is available to all forms of business.


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