Trade invoices are for many businesses their main asset and only form of security available.

Company invoices form the main security for a factoring facility. With invoice discounting the business sales ledger is not sold to the finance company.

Whichever debtor finance option is selected, the lender will want additional comfort. This normally takes the form of director guarantees and a floating charge or debenture over the company.

All invoice finance lenders use a debenture as part of their fraud prevention system. Some would be clients have been know to try and engage ther services of more than one lender!