Maximum funding - Our pre-payment levels - that is, the amount we make available to you on an approved invoice are:
- 85% for all clients with Bad Debt Protection (those clients who chose not to include bad debt protection)
- 80% for clients without Bad Debt Protection (those clients who chose to include bad debt protection)
That's it. No dispute, no negotiation, no arguments.
Transparent pricing
Factoring Fee
- Without Bad Debt Protection : 0.5% of turnover plus VAT
- With Bad Debt Protection : 0.85% of turnover plus VAT
Cost per Invoice/Credit Note issued :
- 0-999 : £5.00
- 1000-1499 : £3.25
- 1500-2499 : £2.00
- 2500-2999 : £1.75
- 3000+ : £1.25
Rate over Base : 2.50% above HSBC base rate
Minimum Income (with Bad Debt Protection) : There shall be a minimum Factoring Fee of £1,050 per Quarter, plus VAT at the rate applicable.
Minimum Income (without Bad Debt Protection) : There shall be a minimum Factoring Fee of £750 per Quarter, plus VAT at the rate applicable
