Invoice Finance – Additional Costs

When we speak to clients they are often upset that invoice finance companies charge additional fees that were not disclosed from the outset.

I am not sure I would go as far as to call them hidden fees but one thing I am certain about is that they could be more transparent.

While some companies simply have a service fee and discounting fee others have additional charges for virtually everything. On this basis it is important you understand the total costs and all the fees charged before making a comparison. Headline rates can be misleading.

By way of a simple example some companies include everything in their service fee while others will levy additional audit fees, annual renewal fees, etc..

Please remember to ask any lender for a full list of dispursements so you can make an informed decision.