- 0330 113 8133
- 07529 692234
- info@ukbfinance.co.uk
- 9 Little Park Street, Coventry, West Midlands, CV1 2UR
The main difference between invoice factoring and invoice discounting is the collection of payments through credit control and a trust account is set up to receive payments.
If you are a new start business that is looking for funding or have annual turnover levels less than £300,000 then a CHOCC facility could be the answer. This is because it works like a factoring facility whereby you get an agreed pre-payment percentage paid to you typically up to 90%.
However, you administer the credit control maintaining debtor relations. Invoice discounting is reserved for larger businesses with a trading history and are looking to grow the turnover further. Whilst a small business or start-up business is building its platform, a CHOCC factoring facility can make a difference in supporting business growth and cash flow.
We take you through the funding journey to ensure you get the best commercial finance possible. Ensuring you get the funds you need to grow your business and boost cash flow.
Our team has done this thousands of times before and knows that it works for each and every client.
We take you through the funding journey to ensure you get the best commercial finance possible. Ensuring you get the funds you need to grow your business and boost cash flow.
Our team has done this thousands of times before and knows that it works for each and every client.
We are a credit broker not a lender. UK Business and finance solutions Limited , registered at 9 Little
Park Street, Coventry, West Midlands, CV1 2UR. Company Register number is 11005876 . We are registered with the ICO, ZA336227 and you can check via www.ico.org.uk. We will receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
The information contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at consumers based within the UK.
If you wish to register a complaint please contact us at info@ukbfinance.co.uk or write to us at: 9 Little Park Street, Coventry, West
Midlands, CV1 2UR
Uk Business and Finance Ltd is a credit broker and not a lender. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: percentage of the amount you borrow. Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey.
