What value of invoice can I sell?
An invoice with a face value between £500 and £25,000 (or the equivalent in € or $)
Can the invoice to be purchased be beyond its due date for payment?
No. Cash for Invoices Limited will not buy invoices overdue or in default.
is there an obligation for me to sell more than one invoice?
No. There is no obligation or expectation for a seller to sell any invoices at any time whatsoever
Will the invoice be sold back to me if the debtor fails to pay?
No. You will not be required to buyback an invoice overdue
is this a type of loan?
No. No loan is created so no interest is charged to you
how much will it cost me to sell an invoice?
Cash for Invoices Limited charges ONE fee - which depends on time to debtor payment, size, and geographic-location of debtor. For UK debtors, the fee will range from 5p to 10p per £100 of invoice per day. Contact Cash for Invoices today for a free and no-obligation quote.
Cash for Invoices Limited reserves the right to alter its fee
Cash for Invoices Limited reserves the right to alter its fee
will you charge an arrangement fee?
No
will you charge any ongoing fees?
, No
will you take any security?
No security is required (such as a charge over assets or a personal guarantee) other than the refundable retention.
Cash for Invoices Limited however reserves the right to require additional security for certain purchases.
Cash for Invoices Limited however reserves the right to require additional security for certain purchases.
what is the retention for?
It is held by Cash for Invoices Limited to cover costs of debt collection if the debtor defaults
will the retention be returned to the seller?
Yes, provided the debtor pays the invoice in full to Cash for Invoices Limited on the due date
how much is the retention?
Up to 10% of the value of the invoice to be sold.
can you buy supplier invoices?
Yes, Cash for Invoices will consider buying a supplier's invoice. In that case, the supplier will be the invoice seller and you will be the debtor.
can you extend the due date for payment of a supplier's invoice sent to me?
Yes, In some invoice purchases, Cash for Invoices :Limited will allow you more time to pay an invoice it has bought off a supplier.
will my customer (the debtor) be aware of the invoice sale?
Yes, the customer (debtor) will need to confirm that:
it has no dispute over the invoice,
that it will pay Cash for Invoices Limited direct, and
it will pay the invoice amount in full on the due date.
it has no dispute over the invoice,
that it will pay Cash for Invoices Limited direct, and
it will pay the invoice amount in full on the due date.
WHAT TYPES OF BUSINESSES SECTORS WILL YOU CONSIDER?
Most sectors will be eligible, however ineligible sectors include tobacco, alcohol, armaments, and betting.
CAN THE DEBTOR BE A sole trader or other entity?
The debtor can be any type of entity engaged in business, such as a limited company, partnership, charity, or social enterprise, but sole traders cannot be debtors
CAN THE SELLER BE A SOLE TRADER OR OTHER ENTITY
The seller can be any type of entity engaged in business, such as limited company, partnership, charity, or social enterprise, or sole traders
Any more questions? Contact Cash for Invoices Limited
Get a free no-obligation quote today and see how much cash you could get for selling just one invoice
Get a free no-obligation quote today and see how much cash you could get for selling just one invoice