Calverton Factors Home Page Invoice Factoring Invoice Discounting Fast Cash Business Support Services Recruitment Invoice Finance, Solicitors Invoice Funding, Invoice Finance for Printers, Bodyshop Invoice Finance Get A Quote Already a Calverton Factors Client Contact Calverton Factors Invoice Factoring Frequently Asked Questions (FAQs)
There are two main charges in relation to your agreement with us :-
What it costs
What it costs
There are two main charges in relation to your agreement with us :-
Why factor
Example: Assume that the factoring charge is 1.0%. This figure is charged against your sales invoices:

Monthly Sales Invoices: £10,000 (inc. VAT)
Factoring charge: 1.0%
Monthly Factoring Charge: £100 (£10,000 x 1.0%)

Example: Assume that the total discount charge is 6.5% (2.5% plus a bank base rate of 4%). The figure that we advance is likely to change on a day-to-day basis. However if we assume that the average advance is £10,000 then the monthly charge will be as follows:

Average advance: £10,000
Discount charge: 6.5% per annum
Annual Discount charge: £650 (£10,000 x 6.5%)
Monthly Discount charge: £55*

* (approximately) as this charge is calculated daily this figure will vary slightly depending on how many days in the month.

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