Call us on:
01283 526 200
Call us on 0121 393 1720 or 01283 526200

Our Services

Specialist Sector - Else Solicitors

Corporate Banking & Finance

Factoring & Invoice Finance

Factoring and invoice discounting enable businesses to release money that is tied up in unpaid invoices.

Both methods involve a third party company advancing money against outstanding debtor balances – a form of asset based lending.

In factoring, the third party company takes over the entire credit control process, managing the sales ledger, chasing invoices and processing payments, meaning that your customers will be aware that you are using a factoring company.

With invoice discounting, your customers are unlikely to be aware of what is happening because you continue to manage all aspects of credit control.

The benefits of both these methods of invoice financing are that:

  • Funding can be secured to reduce cash flow problems or grow the business without using other assets such as equipment or stock.
  • Up to 90% of the value of unpaid invoices can be released within 24 hours.
  • Funding levels increase with your turnover.
  • Both methods are competitively priced.
  • Useful business advice can often be obtained from factoring and invoice discounting companies.
How we can help

If you are considering invoice financing, the team at Else Solicitors can help you with drawing up all the arrangements and implementing the processes. We have good relationships with a number of invoice funders.

We can provide advice on: drafting contracts; drafting and enforcing securities including guarantees and indemnities; handling all aspects of the transaction and recovering factored debts.

We also offer services to factoring and invoice discounting funders. We can establish pre-facility arrangements, manage the process and also advise on litigation and insolvency issues if the relationship between the business and the funder hits problems.

To speak to a member of the banking and finance team for more advice on factoring and invoice discounting, please call 01283 526200, alternatively you can send us a message and one of our specialist solicitors will be in touch.

Else Solicitors Launch New In-House Legal Service: ‘Solicitors on Site’

03/10/2016

To the Heads of Legal Services: A New Service Tailored for Your Company It can be difficult managing a legal department or team in a company or organisation. It becomes almost impossible if you don’t have enough resources or the specific expertise required for a certain period or for a particular project. Let us ask […]

read more

Taking action against clients who owe you money

17/09/2015

Taking action against clients who owe you money. In a perfect business world, all of your clients would pay on time. They’d pay the correct amount and they’d pay via the payment method you specify. However, we know that sometimes things don’t quite go to plan, and we have worked with a number of clients […]

read more