Is it possible to terminate an invoice factoring contract prior to the 12 month term?

If you’re already tied to an invoice factoring contract and wish to switch to Novuna Business Cash Flow, we can help to negotiate a transfer. We offer a six month no-obligation trial period during which you can leave at any time without facing the usual exit charges.

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? Is invoice factoring suitable for my business? 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? How can we use invoice factoring to finance our staffing agency? What is a factoring company? How does a factoring service work? How does invoice factoring work? Why should I consider invoice factoring?