Insurance for your business

Stop late payments and improve your cashflow

Are you looking to improve the cashflow of your business? Is your business growing fast but your clients aren't paying on time leaving you with a big overdraft? Improving your cashflow with factoring or invoice discounting will improve your cashflow in a inexpensive and short period.

Factoring and invoice discounting explained

Factoring and Invoice discounting are types of lending where the money you are advanced is borrowed against the value of your invoices. You just send a copy of an unpaid invoice to the factoring company. Up to 90% of invoice value will be paid in 24 hours.

Factoring
With factoring the factoring company will collect the outstanding amount of the invoice. You outsource your invoice completely and you won't have to worry about holding enough money in the bank to pay your staff and overheads.

Invoice discounting
This financial product is almost the same as factoring except you retain control over your debt collection and credit control. Invoice discounting is suitable for larger companies with an established credit control function. It allows you to raise money from invoices fast without showing the invoice discounting company to your clients.

Why improve your cashflow with factoring or invoice discounting?

• You can regulate your income.
• Your loan is repaid each time a client settles their invoice.
• The facility grows with your business so no expensive overdrafts.
• You have more working capital to put back into your business.
• Competitively priced

About Touch Financial

“Here at Touch, we strive to do business in a more enlightened way. Quite simply, we believe that understanding each others’ business is crucial to success. We're not about a 'one size fits all solution', we're here to talk with you, listen to your concerns, and more importantly, we're here to support the future growth and stability of your business.
What's more, we do not charge for our service, as we receive an introductory commission from our panel of carefully selected lenders.”