FAQs
How can you save me time and money?
We understand the invoice finance as it is all we do. We understand each lenders capabilities and criteria. By learning about your business we will introduce you only to the lenders who are willing to assist so you are not wasting time meeting lenders who cannot assist. We will also talk you through all the costs involved and explain to you which is the most competitive facility.
Is factoring or invoice discounting cheaper than an overdraft?
The simple answer is 'No'. Because of the level of administration required to provide an invoice finance facility the costs are typically higher than an overdraft. The problem is an overdraft is not always an option.
Is invoice discounting cheaper than factoring?
I understand some brokers are linked to certain lenders. Are you truly independent and impartial?
Yes we are truly independent and impartial.
Some invoice finance brokers are actually owned by an invoice finance company. Some invoice finance brokers have exclusivity agreements with lenders in return for increased commission. Some invoice finance brokers are owned by insolvency practitioners who will use your business as a 'carrot' to attract insolvency appointments from lenders.
Smart Factoring Quotes are truly impartial, independent and act in the best interests of our clients.
