Cash Flow FAQs
Invoice Factoring FAQs
What is invoice factoring? Once I have made contact with Novuna, how long will it take for someone to see me? Is invoice factoring regulated in the UK? Is invoice factoring considered a loan? Why would a UK company use a factoring company? Should I use a factoring company? How much does invoice factoring cost? How effective is invoice factoring? How do I transfer from my existing invoice factoring provider? What makes a business suitable for factoring and can anyone use it? Our company has recently experienced rapid growth, would invoice factoring be a viable option? Is it possible to terminate an invoice factoring contract prior to the 12 month term? How can we use invoice factoring to finance our staffing agency? Will factoring help to provide the finance to pay our employees on time each month?
Invoice Finance FAQs
What is invoice finance? What is the process from initial enquiry to funds in my bank account? How long will the process take? Do you fund new start businesses? Do you fund phoenix companies? How much money can I borrow? What if I don’t want my customers to know that I’m using invoice finance? Will you tie me in to a lengthy contract? Can I access details of my account in real time? Can I trust you to handle my credit control in a professional manner? Can I use more than one provider simultaneously? Will there be someone managing my account? I provide goods and services to consumers, will you fund these invoices? Will I face any issues in receiving the level of funding I need? What charges can I expect with invoice finance? Who should consider Invoice Finance brokers? Is invoice financing a good idea? Is Invoice finance in the UK suitable for small businesses? How does invoice financing work? Are invoice finance brokers regulated in the UK? What is invoice financing in the UK? How much will it cost? I export goods and services, will you provide invoice finance on these invoices? I'm already using a factoring provider but I’m unhappy and want to switch, can you do this for me? Why should I choose Novuna Business Cash Flow? Why should I use an invoice finance provider instead of my bank overdraft?
Accounts Receivable Factoring FAQs
Invoice Discounting FAQs
What is confidential invoice discounting? How do I transfer from my existing invoice discounting provider? Our company has recently experienced rapid growth, would invoice discounting be a viable option? Is invoice discounting long term or short term? What is the difference between invoice discounting and factoring? Is invoice discounting a good idea?