Invoice Discounting Costs
Invoice discounting costs can differ dramatically from lender to lender.
Our advice to minimise invoice discounting costs is to look at total costs rather than just headline invoice discounting rates.
The overall invoice discounting costs should take into account the following:
- service fee
- minimum service fee
- discounting margin
- base rate
- minimum base rate (this is very important to check)
- refactoring charges that may be applied
- audit fees
- annual renewal fees
This list of invoice discounting costs is not exhaustive by any stretch of the imagination and in fact some invoice discounting companies can be very inventive. It is always worth asking any prospective lender for a full list of their dispersements aswell as checking the invoice discounting fees listed above.
If you are concerned about invoice discounting costs why not fill out our quick and easy online quotation form today.