Touch Financial Reviews
Touch Financial, a UK invoice finance broker since 2008, offers expert, award-winning brokerage with excellent, jargon-free customer support and top lender access.
5
/
5
What a pleasure to deal with very easy straightforward really fast turn around as well. Would recommend anyone that’s looking to have help with invoice funding.
Michael Perryman
5
/
5
We had an emergency funding requirement caused by a major customer letting us down. Gareth Jones @ Touch responded rapidly to our enquiry and put us in touch with an invoice financing firm. The firm...
Jon
5
/
5
Initial introduction was very positive. It was explained very clearly how the process worked... good support from Touch Financial all the way through the process.
Russell
5
/
5
Excellent process and communication with Gareth, time is crucial and Gareth got the main key points he needed to know from me and within an hour introduced me to couple clients, few days later and we...
Hasan XCH
5
/
5
Regular communication and reassurance as I navigated unfamiliar territory. I would have no hesitation in recommending Neil to any SME that is looking for financial support...
James
5
/
5
Neil from Touch Financial was really very helpful throughout the whole process. Kept in touch with myself over the period the process took - thank you.
Jonathan / Elaine
Explore Touch Financial's Finance Solutions:
Loan Type:
Invoice Factoring
Loan Range:
£50,000 - £10,000,000 (funding line size)
Loan Terms:
Ongoing revolving facility with 30-120 day invoice cycles
Minimum Turnover and Trading Age:
Typically £250,000 annual turnover and 6+ months trading
Interest Rate / Factor Rate:
Discount fee 0.5% - 3.0% of invoice value per 30 days
Fees:
Service fee 0.1% - 3% of invoice value; facility set-up fee may apply
Loan Type:
Invoice Discounting
Loan Range:
£100,000 - £15,000,000
Loan Terms:
Rolling facility renewed annually
Minimum Turnover and Trading Age:
Normally £500,000+ turnover and 12+ months trading
Interest Rate / Factor Rate:
Discount margin 0.35% - 2.5% above base per 30 days
Fees:
Service fee 0.05% - 2% of turnover; audit fees may apply
Loan Type:
Selective / Spot Invoice Finance
Loan Range:
£5,000 - £500,000 per selected invoice
Loan Terms:
Single-invoice funding repaid when debtor pays (30-120 days)
Minimum Turnover and Trading Age:
No formal minimum; commonly £100,000+ p.a. turnover
Interest Rate / Factor Rate:
Factor fee 2% - 5% of invoice value for term of invoice
Fees:
No ongoing service fee; single transaction fee may apply
Loan Type:
Asset Finance (Hire Purchase / Finance Lease)
Loan Range:
£5,000 - £5,000,000
Loan Terms:
12 months to 7 years
Minimum Turnover and Trading Age:
6 months trading and £100,000 turnover typical
Interest Rate / Factor Rate:
3% - 15% APR depending on asset and credit
Fees:
Documentation fee £150-£500; option-to-purchase fee for HP
Loan Type:
Business Term Loan (Secured / Unsecured)
Loan Range:
£10,000 - £500,000 unsecured; up to £2,000,000 secured
Loan Terms:
3 months to 5 years
Minimum Turnover and Trading Age:
12 months trading and £100,000 turnover typical
Interest Rate / Factor Rate:
6% - 30% APR representative
Fees:
Arrangement fee 1%-6%; early settlement fee may apply
Loan Type:
Merchant Cash Advance
Loan Range:
£5,000 - £300,000
Loan Terms:
3 to 12 months (dependent on card turnover)
Minimum Turnover and Trading Age:
Card sales of £5,000 per month and 6 months trading
Interest Rate / Factor Rate:
Factor rate 1.10 - 1.50 (10%-50% fixed fee)
Fees:
No additional fees—cost captured in factor rate
FAQ’S
How can I start the finance process with Touch Financial?
What is supply chain finance at Touch Financial?
What is invoice finance at Touch Financial?
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