Cheap Invoice Discounting
Cheap invoice discounting is avalable in the market. It would be fair to say that the most expensive lender in the market can be 3 times as expensive as the cheapest.
We would however stress that it is important to ensure any facility is structured in a way that will support your business. If not then whatever you are paying will simply be a waste.
Invoice discounting is typically cheaper than invoice factoring due to the lower amount of administration involved. However, the pricing still looks the same with a service fee and discounting fee being the two main charges. However, it is imperative you compare total costs and not just these two headline rates. In some instances I have seen a lenders dispursement charges being more than the service fee.
At any one stage you will have lenders who are aggressively seeking new clients and claiming they will not be beaten on price. This can be good news if you are looking for cheap invoice discounting. At Smart Factoring Quotes we know the invoice finance market and we can introduce you to lenders who can offer the cheapest invoice factoring rates in the market.
