Spot Factoring

Pick and choose which invoices you want advanced payments on

What products do we offer?

Unsecured Business Loans

A traditional Loan Facility with no rates starting as low as 1.3% APR.

Invoice Finance

Release funds tied up in your invoices within 24 hours.

Secured Business Loans

A Business Loan with security offered, typically a property or asset.

Asset Finance

Finance, or refinance, assets in your business, such as equipment, plantor vehicles.

Benefits of Spot Factoring facilities

Spot Factoring is an invoice finance product that allows businesses to get advanced payments on singular selected invoices. Most invoice finance facilities are whole turnover, where spot factoring facilities give you the ability to pick and choose invoices you need advanced. Perhaps a client has lengthier payment terms, and it impacts your cashflow, this scenario is perfect for a spot factoring facility.

How does Spot Factoring work?

1. Choose the invoices you with to factor, be it an individual invoice, or multiple from your sales ledger.

2. Your funding partner will provide you with agreed % of the invoice as an advanced payment

3. Once the invoice is paid, the funder will
reimburse you with the remaining balance minus any fees for the service.

Invoice Finance Products

Invoice Factoring

Factoring is a funding solution tailored to your business, aimed at those who rely on payments from customers.

Confidential Invoice Discounting

Confidential Invoice Discounting is ideal for larger businesses, where the role of the lender is not disclosed to your clients.

CHOCCs

A Client Handles Own Credit Control facility enables you to continue to collect payments directly from your client.

Spot Factoring

Spot Factoring allows you to pick and choose the invoices you require funding rather than a whole turnover arrangement.

Eligibility

Turnover

Unless you are a new start-up company, the minimum turnover most lenders will deal with is £100,000.

Trading History

Similarly to Turnover, start-up companies can get funding. Once you have filed accounts for the year, we can then apply you as a fully-fledged trading business.

UK Registered Businesses

Due to us dealing with UK Based Lenders, we can only find funding solutions for UK Registered Businesses.

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FAQs

How much will an Invoice Finance facility cost?
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There are two fees involved with an Invoice Finance facility. The service fee is calculated against the companies turnover, and covers the cost of the lenders service for the facility, including dealing with the collection of the funds, the administration, and the lender maintaining the company’s sales ledger. The other fee involved is the discount fee (interest) this is charged against the money the company borrows from the lender. This is charged daily, and applied monthly. The typical service fee is around 3% annually, and a standard discount fee is around 4.5% monthly.

Am I eligible for an Invoice Finance facility ?
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Eligibility varies largely from lender to lender, with some much more flexible, some much less. The basic criteria for applying for an Invoice Finance facility is as follows:
£100k minimum turnover
UK Registered Business
If you don’t meet this criteria it isn’t the end of the road, other funding options are available, and this can be discussed with one of our consultants.

How long does it take to arrange an Invoice Finance facility ?
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Invoice Finance facilities can be completed in as short as a few days, although the process can take longer. Our aim is always to make the process as quick, and simple as possible.

How much money can I get through an Invoice Finance facility ?
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Invoice Finance facilities have varying amounts of accessible funds. Rather than a monetary maximum amount of monies available, Invoice Finance is calculated by what percentage of your invoice can be advanced. Most lenders can advance up to 90% of your invoice value. The percentage of your invoice being advanced also depends on which industry you operate in, with some being more/less preferable.

Why JD Capital Finance?
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We are not your average broker. We strive to find you the perfect funding facility for your business, in the easiest way possible. We designate a member of our team of specialist finance consultants to you, walking you through the entire process until the funds are in your hands.

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“  Perry & JD Capital Finance have been incredibly helpful from start to finish. They helped secure a CBILs package even when many lenders had stopped considering new applications. They've informed us of new developments every step of the way and have helped us through this uncertain time. Nice one, guys! ”

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Disclaimer: JD Capital Finance helps UK firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. JD Capital Finance can introduce applicants to a number of providers based on the applicants' circumstances and creditworthiness. JD Capital Finance may receive a commission or finder’s fee for effecting such introductions.

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