How Invoice Factoring Works

Once Best Factoring has found you the ideal factoring lender and most suitable product, you are now on the journey towards improved cash flow. You will now upload your invoices on your lenders online portal, whether that’s a single invoice or a batch ready to go. The lender’s team quickly gets to work, conducting a swift verification process, ensuring that your invoices meet the agreed criteria. They will then make the advance available to draw down into your own bank account immediately.

By focusing on the quality and creditworthiness of your invoices, rather than your company's credit history, lenders are able to provide a flexible financial solution tailored to your businesses needs. Their approach not only streamlines your cash flow management but also provides a solid foundation for your business's growth and stability.

After your invoices are approved, your lender advances you a significant portion of the invoice value—typically between 85% to 90%. This infusion of cash is deposited directly into your business account, this rapid turnaround is essential for maintaining the momentum of your business operations, allowing you to meet payroll, purchase inventory, or invest in growth opportunities without delay. The remainder of the invoice amount is made available, minus the lender’s agreed fee, once your client has settled their invoice.

Now you not only have a reliable source of income, allowing you to pursue new opportunities, but you have now removed the burden of chasing payments as this is handled on your behalf. With Best Factoring working alongside you, we can ensure that your business navigates its financial future and business growth with confidence and ease.