A halfway house between Invoice Factoring and Spot Factoring. Only commit certain customers to the facility, meaning you can exclude any customers you want too.
Whereas with the traditional types of invoice finance you will borrow against all or the majority of your sales ledger, this product allows you to only commit certain customers to the facility.
As an example, if you had ten customers, but only two who paid on slower terms, you could simply commit the two slower paying customers to the facility, and exclude the eight who pay well.
Compared to the more traditional products, Selective Invoice Finance is more flexible and is becoming more popular as it is very easy to use. It can be slightly more expensive than Factoring and Invoice Discounting, as you will be putting less through the facility itself.
Get in touch: