Invoice factoring quotes3/21/2023 ![]() ![]() ![]() The discounting margin is the percentage above the base rate that an invoice factoring company charges for the amount that they have advanced to you. The annual service fee charged by factoring companies is therefore the percentage service fee applied to the gross turnover. ![]() The service fee is quoted as a percentage and is applied to the gross value of each invoice notified. If you would rather speak to a senior member of our team please contact us on 08.Typically an invoice factoring company will quote two headline rates – service fee and discounting margin. Our self-help guides will explain what the different types of invoice factoring facilities are, what the costs to watch out for and how best to source a facility. Our aim is to guide you through the market to the invoice finance lenders who are best placed to meet your needs. From there we can recommend a suitable factoring or invoice discounting provider. Recommendationsįrom the quotation we will contact you to discuss your requirement in more detail so that we can gain a deep understanding of your business and it’s cash flow requirement. The quote is based on your unique characteristics such as turnover, the amount owed by your customers, the number of customers you have and the number of invoices you raise. Your business is also unique and based on the information you provide in our quote form for we will provide a bespoke factoring quote or invoice discounting quote based on the unique characteristics of your business. We are structuring factoring and invoice discounting facilities on a daily basis so we know which lenders can truly deliver depending on what your unique requirements are. Smart Factoring Quotes stay in contact with the lenders and understand their ever changing criteria, capabilities and pricing structures. One that can structure the type of facility that you want and one that can offer you the most competitive pricing. Like in any business relationship you want to work with a partner that wants to work with you - someone that genuinely wants your business. When looking for any type of invoice finance facility Smart Factoring Quotes know it is important that you find an invoice discounting company or invoice factoring company that has the appetite to help your business. Your business will have it’s own unique characteristics and importantly it’s own unique requirements.īy understanding the invoice finance market and your requirement we can ensure that you obtain the most cost effective and the most suitable solution for your business. Our role is to understand these capabilities and criteria so that we can help you. The invoice finance market is made up of factoring and invoice discounting companies that range from the large high street banks to small specialised independent companies.Įach lender has it’s own unique criteria, capabilities and pricing structure and these can differ quite dramatically. We use the whole invoice finance market to your advantage We believe that you only you can decide what is best for your business and our role is simply to help you make an informed decision. Fully explain all costs involved, how the facility works and what your responsibilities are so that you can make an informed decision.Fully explain what invoice factoring and invoice discounting options are available for your business.At Smart Factoring Quotes our mission is simple. Invoice Factoring and Invoice Discounting can often be confusing. All we do is help businesses like yours find the most cost effective solution for your business. We are the invoice discounting and factoring specialists. Whether you are looking for invoice discounting or factoring we will find you the very best available rates from the convenience of a single website. Smart Factoring Quotes aims to find you the most cost effect cash flow solution for your business. ![]()
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