Secure an invoice finance facility for your business. Keep control of your own credit control. Simply have the funding support from the invoice finance company. Get in touch with a funding expert to find out how.
Pinnacle Invoice Finance
What is CHOCC Invoice finance Facility?
- A CHOCC invoice finance facility is an abbreviation for
- CHOCC Factoring- Client Handles Owns Credit Control.
The main difference between invoice factoring and invoice discounting is the collection of payment through credit control and a trust account being set up to receive payments. If you are a new start business who is looking for funding or have annual turnover levels less than £300,000 then a CHOCC facility could be the answer. This is because it works like a factoring facility whereby you get an agreed pre-payment percentage paid to you typically up to 90%. However, you administer the credit control maintaining debtor relations. Invoice discounting is reserved for larger businesses with a trading history and are looking to grow the turnover further. Whilst a small business or start up business is building its platform, a CHOCC factoring facility can make the difference in supporting business growth and cash flow.
Invoice Finance Facility for Small Businesses
Easy Invoice Finance for your business
Get in touch with Pinnacle Business Finance, and we’ll do the rest to secure your commercial loan. This makes our services rapid, reliable, and, most importantly, relevant to your business, no matter how complex or unique your needs might be. The commercial loan can be in your account in under 24 hours! Contact us today using the contact form at the bottom of this page.