Factoring - Enhance your cashflow, release your time

Introduction
The benefits of factoring
How factoring works

Have a look below to see how factoring works:

1. You supply goods or services to your customer and issue an invoice for payment
2. You send us a copy of the invoice issued to your customer
3. Upon receipt of the copy invoice, the funding availability on your account with us is updated by the value of the invoice raised, multiplied by your prepayment rate.
4. Based on our communication with your customer, the invoice is paid directly into your Enterprise Finance Europe account with us, either by BACS or cheque
5. Once payment is received, your funding availability is updated and the balance of the invoice, less service charges is available for use.