Invoice Discounting Facility

Invoice discounting enquiries continue to increase but not all of them are “textbook” cases including the UK subsidiary of an American company with a turnover of $300m who sold most of their products on 30 day terms but were in a position to sign a substantial contract to supply a large European company if they were willing to sell on 120 day terms.

Most factors aren’t happy with a single debtor and even less so if that debtor is overseas and wants lengthy terms but suffice it to say that an invoice discounting facility was sourced for this particular company on highly competitive terms.