Immediate access to your working capital
Factoring allows you to gain access to your working capital as soon as you raise your invoices. With up to 90% of the invoice value provided immediately, you can have the funding you need to bring your business ambitions to life without having to wait the 30, 60 or even 90 days that your customers might take to pay you.
Our experienced Credit Control team will also collect the factoring payments on your behalf, allowing you to spend your time developing your business.
Our factoring facilities are suitable for established business looking to raise working capital as well as start-up businesses with a solid business plan and forecast first-year revenues above £1m.
The benefits of factoring
- Unlock the money tied up in your invoices immediately, giving you the flexibility to grow your business.
- Enjoy up to 90% of your invoice value upfront, with the balance paid on collection, less our agreed fees.
- The option of Bad Debt Protection to protect your business against customers failing. Unlike many competitors, ABN AMRO Commercial Finance provides up to 100% cover and one of the best-value rates around.
- Flexible finance that grows as your business grows, without having to renegotiate fixed limits.
- Instant relief from debt: Factoring can provide funds in days.
- Award-winning service that gets you more money, fast and easy.
- Professional credit control - we look after your outstanding payments allowing you to enjoy excellent credit control.
- A dedicated Credit Controller who understands your business.
- Personal account management, with straight-talking experienced people you can rely on.
- 24/7 access to your account.
Your facility in 5 working days
We’ll arrange a meeting within 48 hours of you getting in touch with us. We’ll follow this up with a visit and a same-day in-principle decision and indication of finance available. We work to get your facility in place within 5 working days of our meeting, with funds available within 24 hours of raising an invoice.
Once your account is up and running, you will have all the benefits our Factoring service has to offer, including the undivided attention of our experienced team.