Connect
Invoice Finance Business Banking
and Factoring
Connect Invoice Finance Business Banking and Factoring
The
core products are Factoring and Invoice Discounting, both
of which provide finance against debtor balances outstanding.
These have been augmented in the past few years by the addition
of Stock and Trade Finance facilities.
Factoring
provides cash for owner managers. They can run your sales
ledger and do your credit control if you don’t have time.
Invoice
Discounting is for companies who require cash and are able
to run their own sales ledger.
Exact
details vary with each lender but the following give an indication
of what is available with Connect Invoice Finance:
Connect
Invoice Finance - Factoring
- Type
– by its nature this is a disclosed arrangement so
customers are aware of the funding. However if confidentiality
is vital, this may be possible through a niche provider.
- Turnover
– from new starts upwards.
- Profitability
– loss making considered.
- Balance
Sheet - negative Net Worth considered.
- Markets
– both domestic and export sales are financeable.
- Spread
– any number of debtors from one upwards may be considered
- concentration issues are not usually a problem.
- Funding
– usually 70 - 80% of approved debts, can be higher
exceptionally.
- Operation
– factoring company runs the client’s sales ledger
and collects payment from their customers, balance credited
to client.
Connect Invoice Finance - Invoice Discounting
- Type
– usually confidential so customers are unaware of
the funding in place. In marginal cases providers may insist
on the arrangement being disclosed.
- Turnover
– no specific minimum and new starts can be considered.
- Profitability
– profitable trading preferred.
- Balance
Sheet – Net Worth will generally need to be positive.
- Markets
– both domestic and export sales are financeable.
- Debt
turn – clients must have good credit control procedures.
- Spread
– can be more of an issue than with factoring.
- Funding
– usually 75 - 85% of approved debts, can be higher
exceptionally.
- Operation
– client runs sales ledger, collects payment from its
customers and repays Invoice Discounter.
For
further information on Connect Invoice Finance Business Banking
and Factoring visit the Connect Invoice Finance Website.
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