How Export Factoring works
How does export factoring work?
Step 1:You deliver goods or provide services to your customer overseas.
Step 2: You invoice your customer and send a copy of the invoice to the export factoring provider
Step 3: The export factoring provider advances you the pre-agreed % value of the invoice usually the next day. This is typically between 70% - 85%
Step 4: The export factoring provider collects the outstanding debt. This is either done in the UK using a team of multi-lingual staff or in the country where your customer is based using a network of world-wide factoring providers.
Step 5: The export factoring provider takes their fees and then pays you the remaining balance.
