Invoice Factoring Leeds are a Invoice Factoring and Invoice Discounting broker based in Leeds, West Yorkshire. As one of the UK’s largest brokers we are here to help grow your business by securing a invoice factoring funding facility for business in Leeds. We offer a hassle free service for a fast, flexible funding advice at no cost. We as an invoice factoring broker are totally impartial. Our Services are based mainly on Invoice Funding. Leeds based businesses looking to plug the funding gap for their companies, Invoice Factoring may be the solution.

How Does Invoice Factoring work for Business in Leeds

In general, for an invoice factoring transaction to happen, there must be a factor, a debtor and an unpaid invoice. The invoice factor is the financial institution that offers or agrees to buy business debt or unpaid invoices. The debtor is the client who owes money to a business in the form of an unpaid invoice. Lastly, the invoice is the document that shows transactions between a business and its clients.

Here is how it works; the business raises an invoice for goods/services sold on credit to another commercial entity and then presents the invoice to the invoice factoring company for payment. Most factoring companies pay such invoices within 24 hours upon receiving them and the business can receive up to 95% of the unpaid invoice amount. Then, the factor will collect the full invoice amount owed to the business when the invoices become due for payment. Once payment is received it deducts its fee and interest, which typically vary from one factor to another, and then submit the remaining balance to the business.

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