Invoice Discounting

Price: Range between 0.5-3% per Invoice plus interest until paid.

Invoice Discounting is normally a bank product and not to be mistaken with Factoring.

It is widely used in more established businesses that have a collection department, or administrative section. These businesses also have no need for a financier to collect invoices on their behalf.

Most businesses at this level don't need all invoices funded and often use it as an overdraft system for purchases of stock, or wages.

Discounting lets you draw up to 80% of your invoices when required. It also gives you the ability to predetermine how much you want to draw down, limiting interest costs.

Once the debtors pay for invoices, the financier releases the final 20% less fees the next day into your bank. In most cases financiers have an almost paperless procedure with a very simple online system.

Banks often make this facility undisclosed to the debtors. If the accounts are well maintained only the lender and financier are aware of this product occurring.

If Invoice Discounting is what your business needs for cashflow, contact TDFC and let a consultant discuss with you, pricing and lenders to suit your needs.

• Up to 80% advance on invoices .
• No automatic payments if required. You can draw up to 80% when you need it.
• Product fees are cheaper
• Credit searches and debtor checks
• Minimal account management as you are left to deal with your clients
• Collections are left to your departments
• Normally online, easy to use systems.
• Almost paperless systems.

TDFC experts in Invoice Discounting.

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