What makes a business suitable for factoring and can anyone use it?

Almost any type of business can benefit from invoice factoring services. However, it is particularly valuable for fast-growing businesses with cash-flow problems due to late-paying customers or other issues.

If your company has a small or inexperienced credit control team that could be better utilised in other areas of your business, factoring could also be an ideal solution. By allowing us to collect your invoices on your behalf, you could significantly bring down your overheads by eliminating the need to pay staff to manage your credit control.

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? 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? What is a factoring company? How does a factoring service work? How does invoice factoring work? Why should I consider invoice factoring?