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.
What Our Clients Say
Fifo Capital’s efficiency is great – the next day the money was in my account.
Fifo Capital are co-operative and nothing is too difficult – I have a very good working relationship with them. They are excellent at what they do, open to ideas, easy to contact and quick to reply.
We were experiencing rapid growth and we needed to process ahead of time to meet demands over our seasonal shutdown period. This creates huge pressure on cash flow which traditional banks have been unwilling to address. Fifo Capital’s invoice discounting has allowed us to keep a positive cash flow and meet the demands of our customers. All our requests have been met with the minimum of fuss and the process is very simple to use. I would happily recommend Fifo Capital
Being a busy Asphalt/Construction company we were looking for cash flow solutions. Meeting with Dean from the Fifo group and hearing of their services, we knew this was exactly what we were looking for. The meetings and procedures were quick and no hassle with extremely good follow up and excellent contact, each and every month. We are rapt we have made the connection and enjoy the no hassle and positive moves towards the future. We would highly recommend their services to any company.
Fifo factor has impacted very positively on cash flow, allowing us to focus on day-to-day running of our business. This, in turn, has allowed us to continuing growing sales. The service is extremely easy to use and no-fuss forms make applying simple.