FAQ Answer About: Faqs-Invoice-Finance
- How long do I have to commit to an invoice finance lender?
The minimum term for an invoice finance facility is typically 12 months but is not always the case.
There are no hard and fast rules, but 12 months is fairly standard. Once the minimum term has expired then notice periods to close an account usually fall into to the range of 3 to 6 months. Hint: Make sure you check for termination and renewal fees before signing up for a facility!
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Related Faq's
- 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?
- 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?
Case Studies
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].
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].