What does bibby financial services do?
BFS provides invoice finance, asset finance, trade finance and foreign exchange services to small and medium sized businesses across the world, helping them unlock money for a range of scenarios, including cash flow funding, new equipment purchase, growth and expansion, management buy-ins and buy-outs, and corporate ...
How does invoice finance work?
Invoice finance is a way of borrowing money based on what your customers owe to your business. It works by using unpaid invoices to represent money that will be paid to you, avoiding the usual wait for the payment terms. These can be anything from 14 days to 90 days or even more.
How does invoice factoring work?
Technically, invoice factoring is not a loan. Rather, you sell your invoices at a discount to a factoring company in exchange for a lump sum of cash. The factoring company then owns the invoices and gets paid when it collects from your customers, typically in 30 to 90 days.