Invoice Factoring for Business
Use Outstanding Invoices for immediate cash flow
Turn unpaid invoices into immediate cash flow from slow paying clients. Invoice factoring or invoice finance is a fast, flexible line of credit solution. Invoice Factoring can be on one single invoice, (known as Spot invoice financing )or multiple outstanding invoices.
Invoice Factoring is generally for clients that do not have a credit management or collection service. FIFO Capital will help in this process of following up the outstanding invoices on your behalf, saving your time so you can work on other areas of your business.
How is Invoice Factoring different to Invoice Discounting?
The main difference is the collection of outstanding invoices. Invoice discounting suits businesses that want to follow up invoices by themselves. This is slightly lower cost however, it can be time consuming for businesses chasing invoices.
How many invoices can we use for Invoice Factoring?
You can use invoice factoring for one or multiple overdue invoices. Fifo Capital can lend money from €5,000 to €1,000,000 on overdue invoices.