Touch Financial
300+ Reviews

Invoice Factoring

Invoice factoring is perhaps the most widely used form of invoice finance. Factoring agreements often allow access to up to four times as much cash compared to what may be available in more traditional bank overdraft facilities.

How does Invoice Factoring work?

Factoring companies provide you with both the cash you need to grow your business and the time you need to achieve this. Here’s how it works:

Step 1 (Invoice) – You raise an invoice with a customer, containing information on how much the customer needs to pay and in how many days.

Step 2 (Cash Advance) – You send a copy of this invoice to the debt factoring provider, who will pay you a pre-arranged percentage of the invoice within 24 hours.

Step 3 (Growth) – You now have the cash available to cover the costs of your next job and reinvest back into growing your business.

Step 4 (Repayment) – By factoring invoices, you will not have to do much else. The factoring company will collect the payment at the previously agreed date from your client and send over the remaining value of the invoice you did not initially receive, minus pre-arranged fees.

If desired, invoice factoring companies may also collect payment under your business’ name, keeping the facility confidential from your client. The other alternative is to collect the payment yourself which may suit your business if you have an established in-house credit collection process already.

How much do Invoice Factoring Services Cost?

Invoice factoring companies tend to be best suited for small to medium firms with at least £25,000 (plus VAT) turnover. Depending on the size of your business, the invoice value you require to be advanced and other factors, such as the rates and fees, can vary. Having said this, our invoice finance calculator below often provides fairly close estimates to how much a facility will cost you.

Get a Quote for Invoice Factoring Services

Click the quote button below to speak to a consultant who will help find the best factoring companies out of the 30+ available that are right for your individual business needs and requirements.

Every month Touch Financial help numerous businesses improve their cash flow with a factoring facility. Request a quote to find out how much extra cash you could raise via a factoring agreement with one of our specialists…

Explore Further

IF Guide – Sidebar block

Visit our Case Studies

Visit our case studies feed to find out more on how alternative finance products such as invoice finance have helped UK businesses in all industries and turnover.

0207 001 9142

Customer we have helped

All of the customers in our case studies have been kind enough to share their experience of the service we provide.


"Very polite and a professional team of financial advisers who seem to know their business, work well within their industry and get a result."-Invoice Finance Introduction

Customer Reviews

We pride ourselves on our high service levels. Please see what our customers have to say about us through the independent review service, Feefo.



0207 001 9142