Pricing for facilities is very competitive. It is based upon the individual businesses and takes account of the workload, merits and risk profile of the business.
That said pricing should not be viewed as a stand alone criteria. When assessing the best business partner it is best to consider service also - so value for money as opposed to just a low fee.
There is a variance between fee levels between factoring and invoice discounting facilities. One facility may be more suitable for your business and serve to optimise your sales. Services are tailored to individual businesses the fees will depend upon your specific requirements.
In general, there are two types of fee:
- Cost of the money you use, which is extremely competitive when compared with other forms of finance. This is often called discount charge or borrowing rate.
- The second is a service fee, which is based upon your annual turnover.
The provision of credit or leasing services by us is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford