Frequently Asked Questions
- If the lender offers me a prepayment of 85% do they keep the 15% for themselves?
No. The lender would make the 85% available to you the day after your invoice is raised. The balance is paid to you when your customer pays. - If I am factoring will this send out the wrong message to my customers?
The perception of factoring has changed dramatically over the last decade. It is now used by fast growing and successful companies. - Will I be tied into a contract?
This differs between lenders but typically you will enter into a 12 month contract with a lender. - How does Smart Factoring Quotes help?
We know the hidden costs to look out for and we also understand the capabilities and criteria of the lenders in the market place. - I already have an invoice finance facility and I am unhappy. How can you help?
By understanding why you are unhappy we can look to structure a facility that addresses the issues that you raise. It may be as simple as moving to a lender that approaches things slightly differently.
