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Stop waiting 30, 60 or 90 days for customers to pay. Invoice factoring from Team Factors advances up to 90% of each invoice when you raise it, and pays you the rest when your customer pays.
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of each invoice upfront
Invoice finance lets a business get paid on its invoices straight away, without waiting for customers to pay. A provider such as Team Factors advances up to 90% of each invoice’s value, collects payment from your customer, then pays you the balance, minus fees. Invoice factoring is the most common type.
Three steps take you from raising an invoice to cash in the bank. We advance money against invoices you’ve already raised, and it’s repaid when your customer pays.
Do the work, invoice your customer as normal and send us a copy.
The money goes straight into your account, so wages and suppliers get paid on time.
Your customer pays us, and we send you the remaining balance, minus our fees.
It works best for businesses that sell to other businesses or public bodies and give them time to pay.
It isn’t the right fit if you sell mainly to consumers or take payment upfront.
The cost depends on your sales, your customers and the services you choose. Every business is priced individually, and your quote sets out every charge before you sign anything.
A percentage of the invoices you send us. It covers running your facility, including credit control and collections.
Charged only on the money you’ve drawn, set as a rate above the Bank of England base rate.
Some facilities include a one-off set-up fee or a minimum monthly charge. If yours does, it’s in your quote.
An optional charge if you add protection against a customer not paying.
Our invoice factoring facilities are disclosed, so your customers know we’re involved and pay us directly. We don’t offer invoice discounting, the confidential type where you collect payments yourself.
We fund your customer invoices and our team handles credit control and collections.
Best for businesses that want steady cash flow and help chasing paymentsAn optional add-on that protects you if an approved customer can't pay. How it works
Best for businesses with large invoices to a few customersWe pay your workers and handle PAYE submissions. Payroll services
Best for recruitment and staffing agenciesWe also fund other businesses that invoice on credit terms. Ask us about yours.
One manufacturer we fund switched from its bank overdraft to invoice finance so its funding would rise with its sales.
Our credit control team chases it. If you've added Bad Debt Protection, approved invoices are covered if the customer can't pay. Bad Debt Protection →
We fund agency payrolls and can run payroll for you, paying workers and handling PAYE. Payroll services →
We fund new businesses, and we can approve your facility before you start trading so it's ready for your first invoice. Talk to us →
We fund care providers and other businesses that invoice councils and NHS bodies. How long public bodies have to pay →
We can move your facility across and talk you through how the switch works before you commit. Talk to us about switching →
An illustration based on up to 90% of your unpaid invoices. Your actual funding depends on your customers and approval.
Get my quote →Frontline moved its invoice finance facility to Team Factors and gained the reliable cashflow it needed to grow.
Every client has their own Relationship Manager, backed by our credit control and client services teams.
I was in a bind and Dean and the team moved heaven and earth to turn the funding around in 4 days, I kept the contract which has led to another one and has seen us grow together to a £1 million + turnover business.
As a Tech recruitment agency, a good factoring facility is vital for offering both client and contractor a smooth service... making limit increases easy, processing payments when I've missed the cut off.
We were looking for a partner rather than just a funder and with Lizzie and the team we feel we have that. They are an important part of our business not a supplier.
Team Factors have been with me since my company started 12 years ago, their financial support helped with my initial set up costs and the ongoing service has allowed me to grow over time.
As the owner manager of a small business, I'm always time poor. Having Team Factors support me operationally with Credit Control, Invoice Generation and Payroll has seen me lower my staff overheads and triple my turnover in 12 months.
Dean and Team Factors was my very first Factoring company when I opened my business 2 years ago and the service they have provided throughout has been excellent.
We've worked with Team Factors for over two years, and their support has been exceptional. They've made it easier for us to secure new clients and grow the business with their smooth invoicing and payment systems.
Their customer service is responsive and professional, and my dedicated account manager took the time to understand my needs and improve my cash flow.
If your current facility no longer fits your business, we can move it across. We’ll talk you through how the switch works and what it costs before you commit.
Invoice finance lets you get paid on your invoices straight away. We advance up to 90% of each invoice’s value, collect payment from your customer, then pay you the rest, minus our fees.
No. Invoice finance is an advance against invoices you’ve already raised, and it’s repaid when your customer pays. The amount available grows as you invoice more, and there are no fixed monthly repayments.
It’s worth it when getting paid sooner lets you earn more than the fees, for example by taking on new work, paying staff on time or buying stock. Your quote shows every charge, so you can weigh it up before you sign.
The main downsides are the cost, your customers knowing you use it, and a minimum term. It also only suits businesses that invoice other businesses or public bodies on credit terms.
It depends on your sales, your customers and the services you choose. Most facilities have a service fee on the invoices you send us and a discount charge on the money you’ve drawn. Some also have a set-up fee or minimum monthly charge. Your quote sets out every charge before you sign.
Invoice factoring is the most common type of invoice finance. You send us your invoices, we advance up to 90% of their value, our credit control team collects payment from your customers, and we pay you the balance, minus our fees.
Up to 90% of the value of each approved invoice. Your overall facility limit depends on your sales and your customers, and it can grow as you invoice more.
Once your facility is set up, we release funds against each approved invoice as you send it to us. Your Relationship Manager will talk you through the timings for your facility.
Yes. Our facilities are disclosed, so your customers know we’re involved and pay us directly. Our credit control team deals with them on your behalf.
With factoring, the provider manages your sales ledger and collects payments, and your customers know. With invoice discounting, you collect payments yourself and it’s usually confidential. Team Factors offers invoice factoring and doesn’t offer invoice discounting.
No. We fund new businesses too, and we can approve your facility before you start trading so it’s ready for your first invoice.
Our credit control team chases late payments. If you add Bad Debt Protection, approved invoices are covered if a customer can’t pay.
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Tell us about your invoices and a specialist will come back to you with your options. Or call us on 01923 882910.
Takes 60 seconds. No obligation.
100% confidential. We never share your data.