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 Can We 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.

Asset Based Lending

In its simplest terms, asset based lending is any form of borrowing that is secured by assets.
Find out more

Company Voluntary Arrangement

When businesses are fundamentally viable, but perhaps under pressure to repay debts in a short space of time, they can seek a Company Voluntary Arrangement (CVA) with their creditors.
Learn More

Ledger Collections Service

At Else Solicitors we act for a wide range of insolvency practitioners and have a real understanding of debt collection.
Learn More

Loan Agreement

A loan agreement is a formal contract governing borrowing, and can be either secured or unsecured.
Learn More

Factoring & Invoice Finance

Factoring and invoice discounting enable businesses to release money that is tied up in unpaid invoices.
Learn More
Chris is the founding Partner of Else Solicitors and has over 25 years’ experience as a commercial solicitor dealing mainly with commercial disputes. He is also an accredited Mediator.

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Chris Else

Managing Partner

Experience in handling business mergers and acquisitions, disposals, corporate re-organisations, company share buy back, management buyouts, venture capital and private equity investment, and joint venture and partnership agreements.

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Adam Gilbert

Partner - Head of Corporate & Commercial

How can we help?

Get in touch.

At Else, we pride ourselves on having experience in dealing with a wide range of specialist services.

Our team always strive to find the most practical, timely, and cost-effective solution for our clients.

We will use the full range of options available to us; from mediation and negotiation to court action at whatever level is appropriate.

To speak to one of our trusted professionals contact us on 01283 526200. Alternatively, you can send us a message and we will get in touch at a time that suits you.