Single customer or single invoice Factoring

Businesses can sometimes require finance from a Factoring Company against a single customer or single invoice. Traditionally, Factoring Companies have not offered single customer or single invoice Factoring financing service but Factoring Companies have realised the importance of single customer and single invoice Factoring financing (which is an often-overlooked service) and it is now more commonplace.

The demands on businesses change, often quite quickly and building an ongoing relationship with a Factoring Company that provides a single customer or single invoice financing service provides you with flexibility. The single customer or single invoice financing need maybe due to a prime debtor concentration of trade into a single customer or seasonal trading peaks or you may just want single customer or single invoice financing against one customer without giving the Factoring Company your whole sales ledger. These permeations are all now possible.

If you only have one large customer, taking extended credit that can be factored too! The single customer or single invoice financing, Factoring Company would check your customers credit worthiness consider the type of product or service you are offering and then decide if it is something they can help with.

Your business may just be suffering from growing pains. You have a new large customer with a one off order. Single customer or single invoice finance can accommodate this too.

Factoring Companies, providing single customer or single invoice financing will usually only take the invoices actually Factored as security so existing relationships with your Bank for instance are untouched. It means that you can factor a single invoice and once that is paid you have no contractual obligation with the Factoring Company.

The focal point for a single customer or single invoice Factoring Company is actually on the financial strength of your customer. Are they able and willing to pay for the goods or service that you have provided?

Single customer or single invoice financing are smart ways to add flexibility to most businesses. Single customer or single invoice financing is gaining popularity within the UK and it is a reasonably common procedure in the US. Single customer or single invoice financing is available to most businesses that sell to other businesses on credit terms.

Single customer and single invoice Factoring is available to a wide variety of business like new starts, growing business in different sectors like construction, wholesaling of manufacturing.

Single customer or single invoice factoring leaves you in control of your business as you can choose which invoices or customers you finance.

If you are considering single customer or single invoice Factoring contact us and we will talk you through the options and the costs.