Factoring and invoice discounting - Key differences

Factoring and invoice discounting products share many similarities, but there are some key differences.

These differences dictate which types of businesses they are most suitable for.

Key differences between factoring and invoice discounting:

Factoring	Invoice Discounting
For companies with £50k+ turnover	For companies with £250k+ turnover
Invoice collection provided	Invoice collection not provided
Service usually disclosed to customers	Service not usually disclosed
Full sales ledger management provided	No sales ledger management provided
Credit checking provided	Credit checks not normally provided