Both invoice discounting and factoring are financial products that can be used to expand or restructure a business.
Invoice Discounting are loans that are secured upon a debtor book that is owned by a business, typically lending up to 80% of the debtor book to release cash into the business.
An example would be a business that assembles cupboards and gives its customers 60 days to pay an invoice. Here the lender can make available up to 80% of the value of those invoices TODAY and can also agree to fund against future invoices on the day they are issued.
Looking for invoice discounting or factoring ?
The Heron Way Group is a small, friendly team who are based near Bristol but operate throughout the UK. We have a 24/7 phone answering service so can be contacted at any time and we will respond accordingly.