How effective is invoice factoring?

Invoice factoring can be highly effective, particularly if you’re running an otherwise healthy business that finds itself occasionally short of cash due to late-paying clients, seasonal peaks and troughs or the costs of paying staff.

We offer flexible funding options that can be tailored to the specific needs of your business. If your company continues to grow and develop, we can release more money to you quickly, without the need for re-negotiating your contract.

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 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?