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1m Invoice Factoring - Get a Quote Today
1m Invoice Factoring is when a business sells its unpaid invoices worth £1 million to a factoring company, which then pays the business most of that amount upfront. This helps the business get cash quickly instead of waiting for customers to pay. If you want to improve your cash flow, invoice factoring could be worth exploring!
- Fastest and easiest application process
- Dedicated support
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of 1m Invoice Factoring?
£1 million invoice factoring is a financial service that allows businesses to sell their unpaid invoices to a factoring company at a discount. This practice helps improve cash flow by providing immediate funds, enabling companies to cover operational costs and invest in growth opportunities without waiting for clients to pay their invoices. By leveraging this service, businesses can maintain stability and flexibility in their financial operations.
Improved cash flow
Instant access to funds
Reduced credit risk
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What are the different types of 1m Invoice Factoring?
Recourse Factoring
The seller retains responsibility if the invoice isn’t paid by the customer.
Non-Recourse Factoring
The factor assumes the risk of non-payment by the customer.
Spot Factoring
Single or occasional invoices are factored, not the entire sales ledger.
What is 1m Invoice Factoring?
What is Invoice Factoring?
Invoice factoring is a financial process where a business sells its unpaid invoices to a factoring company at a discount. This provides the business with quick, up-front cash instead of waiting for customers to pay their invoices.
Types of Invoice Factoring: Recourse, Non-Recourse, and Spot Factoring
There are different types of invoice factoring. In recourse factoring, the business must buy back any unpaid invoices. In non-recourse factoring, the factoring company assumes the risk if the customer does not pay. Spot factoring allows businesses to factor single or occasional invoices instead of all their sales.
How It Works: Simple Example
If a business has a $1 million invoice due in 60 days, it can sell the invoice to a factoring company and get up to $900,000 right away. When the customer pays, the factoring company deducts its fee (for example, 3%) and gives the business the remainder.
Real Scenarios
Construction Company Needing Fast Working Capital
Situation
A construction firm had a short-term cash gap before a large invoice was paid and needed £85,000 to cover materials and payroll.
Challenge
Traditional bank applications were too slow; they needed a decision and funds within days.
Outcome
Funding Agent matched them with a lender; they received a working capital facility and bridged the gap until the invoice was paid.
Ecommerce Business Preparing for Peak Season
Situation
An online retailer needed around £120,000 to stock up ahead of Black Friday and the Christmas rush.
Challenge
They wanted flexible terms and a quick turnaround so stock could be ordered in time.
Outcome
Through Funding Agent they secured a facility, placed orders in time and managed peak demand without cash flow stress.
Marketing Agency Using Invoice Finance
Situation
A marketing agency had strong clients and reliable invoices but often waited 60–90 days for payment.
Challenge
They needed to unlock cash tied up in unpaid invoices to pay staff and take on new projects.
Outcome
Funding Agent connected them with an invoice finance provider; they now access funds against approved invoices and smooth out cash flow.
Property Developer Using Bridging Finance
Situation
A developer needed short-term finance to complete a purchase before selling an existing property.
Challenge
They required a fast decision and flexible terms to align with the sale timeline.
Outcome
Funding Agent matched them with a bridging lender; they completed the purchase and repaid the facility when the sale completed.
FAQ’S
How does 1m Invoice Factoring help manufacturing firms?
Is 1m Invoice Factoring suitable for recruitment agencies?
Can transport & logistics firms benefit from 1m Invoice Factoring?
How quickly can wholesale businesses access funds with 1m Invoice Factoring?
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