| Invoice finance (Factoring and invoice discounting) | Asset based lending | Overdraft | Loan | |
|---|---|---|---|---|
| Amount of credit available | Up to 90% of your invoices available immediately. The balance (minus our fees) is payable later | From 60% - 80% of the asset valuation | By negotiation sometimes limited to 50% of book debt | By negotiation |
| Flexibility | Your facility may grow in line with your sales | For stock, the amount available moves in line with your business | Limits can be increased, but this incurs extra costs. Typically re-negotiated once a year | Flexible business loans allow early repayments without penalties |
| Security required | On your invoices and in some cases, modest personal guarantees and / or fraud warranties | Typically, security is only required on the asset | Typically requires security, which may include a charge on property | Typically requires security, which may include a charge on property |
Get in touch
FacFlow Support: 0870 90 72743
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