Confidential Invoice Finance
Bristol Finance Brokers
Pinnacle Invoice Finance
How does Confidential Invoice finance work?
Confidential invoice finance in short means a business’s debtors are unaware of the invoice financier. It functions with a pre-paid percentage up to 90% of the value of the invoice being paid to the business stopping them having to wait until they get paid. Once the invoice has been paid the remaining 10% or balance is released to the business minus fees. The main difference with it being a confidential facility is the debtor or customer is unaware of the invoice financier. This may be prevalent for several reasons such as contractual obligations. A trust account is set up for the funds to be paid into by the debtor before it is returned to the business minus the pre agreed fees. This a very common form of factoring in the UK.