Invoice Finance Factoring Calculator
Work out the potential costs of financing your trade debts through an invoice factoring facility.
The results below should be read alongside the notes below. Assumed initial payment rate is 85% of the invoice value and 30 day credit period.
Invoice Finance Calculator
- Immediate Cash per month
- £00000
- Service Fees per annum
- £00000
- Interest per annum
- £00000
- Turnover % Costs
- 0.00%
- Total Costs per annum
- £00000
- Net Receipts per annum
- £00000
If you select the insurance against bad debts (non-recourse) option:-
- Bad Debt Fees per annum
- £00000
- Turnover % Costs
- 0.00%
- Net Receipts per annum
- £00000
Invoice Finance Factoring Calculator Notes
Remember you will be selling your invoiced assets to the invoice finance lender and that you will no longer be responsible for the collection of outstanding debts. Therefore you should deduct from the above internal sales administration costs or any hidden costs. An example of a hidden cost would be if your sales people spend one day a week chasing clients for debts instead of selling.
Minimum service fees are usually required by factoring services lenders, this can have an adverse effect on total costs for businesses with relatively low turnover.
For a full quote a factoring lender will need to see your sales ledger therefore the results above are for illustration purposes only.
Actual costs will be a function of number of invoices issued, the number and quality of your business customers, outstanding balances and the lenders view of the level of risk to be under-written.
Want to know more? For a confidential, no obligation discussion about your debtor invoice finance requirements contact us on-line here or call 01223 211 613.
Eland Business Services Limited provide this calculator to indicate the potential cost of invoice finance based on the turnover figure input. It does not constitute a quote or that any factoring finance application will be accepted.
- Why use a factoring broker?
- Don't understand all the invoice finance jargon?
- Can a new business factor company debts?
- Does all my sales ledger need to be factored?
- How long do I have to commit to an invoice finance lender?
- Will previous credit problems exclude my company from getting invoice finance?
- Will my trade invoices be the only security required by the lender?
- Who provides invoice finance?
- Which product is cheaper? Factoring or Invoice Discounting?
- What is the difference between invoice finance and debtor finance?
As "invoice finance brokers" we have successfully arranged factoring and invoice discounting facilities for our business clients in the past. Here are just a few invoice finance case studies that you may find of interest [more details].