Team Factors Invoice Finance

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How invoice financing works

The order
Create an invoice for your customer, showing how much is owed to your business and when payment is due.
Cash advance
Send a copy of the invoice to a lender to release up to 100% of its value as a cash sum.
When it is due, the lender receives the payment from the customer. The lender then sends your business any remaining amount on the invoice that wasn't originally financed, after deducting the prearranged fees.

This comparison service is provided by Touch Financial. Touch Financial is a finance broker, not a lender. Not all products offered by Touch Financial are regulated by the Financial Conduct Authority. They compare invoice financing services from a range of different lenders, aiming to find the one that best suits the needs of their business customers. Touch Financial consultants look at the profile of each business, including cash flow, accountancy needs, and any other specific requirements, to match them with the most appropriate invoice finance provider and product. Touch Financial is authorised and regulated by the Financial Conduct Authority (FRN:727220).

Last updated on 12 May 2022.

Team Factors Invoice Finance FAQs

Who is Team Factors?

Team Factors was set up in 2010 as an alternative source of cash flow solutions for small-to-medium sized UK business. They specialised in invoice factoring services that can be tailored to the needs of your business via a range of additional options.

What is Team Factors invoice financing?

Team Factors provide invoice financing products that enable businesses both big and small to leverage the value held in their own invoices, unpaid or outstanding, in order to receive a cash injection at short notice if cash flow is constrained.

Why would a business need invoice financing?

Late payment is a common reason for businesses turning to Team Factors invoice financing, as it means less money to invest in your business at a time when you might need it the most. Invoice financing incurs no new debts, allowing you to borrow without having to take out a loan.

Why is invoice financing quicker than a loan?

Invoice financing products can generate cash flow faster than a conventional business loan - sometimes at as short notice as a matter of days - because you’re borrowing against the money you earn as a business. No new debt is created, and you don’t have to spend time undergoing an extensive loan application.

Can I borrow greater sums in the future?

If you own a growing business, with prospects for greater turnover and higher sums in your invoices over time, you can borrow increasingly larger amounts through invoice financing. This means it grows in line with the success of your business.

Where can I compare Team Factors invoice financing products?

If you wish to compare Team Factors invoice financing products with others on the market, our partner Touch Financial can help. Their team of specialist consultants can assess your requirements and find you the most suitable provider of invoicing products. Get in touch with them today simply by clicking the link at the top of the page.

Is invoice financing risky in any way?

As with any financial product you use as a business, there’s always some form of risk with invoice financing. The important thing is to have precautions in place to mitigate these risks. A non-recourse arrangement achieves this because it makes the lender responsible for absorbing risk. They may charge a higher fee because of this, to compensate.

What does a recourse arrangement mean?

If you opt for a recourse arrangement with a lender instead, you are responsible for paying them back the value of invoices, if a client fails to pay them back. Always be mindful of the terms and conditions set by a provider, when seeking invoice financing services.

Can a small business receive invoice financing?

Yes. Providers such as Team Factors are increasingly willing to finance small businesses and even start-ups. However, it’s important to remember that smaller businesses have lower turnover, so the sums you can borrow will be more limited, and the risks might be slightly elevated for the provider.

Can businesses use invoice financing discreetly?

Yes. Many businesses wish to conceal the leveraging of invoices from clients. To do so, all you need to do is request invoice discounting facilities. This allows for greater discretion because you remain responsible for managing incoming invoices, meaning the client remains unaware of invoices being leveraged unless you inform them personally.

Services offered by this provider may change over time. Always check Ts&Cs.

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