Rates vary according to the volume of the business, the average transaction size, your customers’ profile, etc. Basically our fees include:

  • Factoring charge – A fixed percentage amount will be charged on the gross invoice value for each invoice factored. This is a service charge for the credit protection provided and the management of the sales ledger as well as collection services.
  • Initial payment charge – This is the interest charge on the cash advances made to you. The interest charge is a spread above the prevailing overdraft rate and is charged on the actual amount of funds in use.