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1. Invoice factoring calculator for free#
2. Invoice factoring calculator verification#
3. Invoice factoring calculator professional#

Invoice factoring calculator verification#

Our sign up and verification process is simple and it is conveniently done online. Q: Is there a lot of admin and paperwork with Velotrade?Ī: Velotrade does not require a separate ledger, contrary to the standard factoring facilities.

Invoice factoring calculator professional#

You are free to sell the invoices you want to sell when needed.Ī: Professional investors who come from a variety of industries and backgrounds, thus allowing for a steady and continuous flow of financing in any economic condition.

Q: How long does it take to receive the financed amount?Ī: Within 1-3 days upon satisfactory verificationĪ: No. Any contacts, if needed, will obtain your prior approval.Ī: You will generally receive 80% – 90% of the invoice value. At Touch, we have extensive industry knowledge and use this to find the most suitable facility for your business. While every case is different, the calculator provides an indicative view of the expected cost of invoice finance. Q: Will Velotrade contact my buyers in order to process my application?Ī: No, we won’t contact your buyers in application processing. Our invoice factoring calculator is based on real data from hundreds of live Touch clients. Some of these criteria are verifiable trading history, satisfactory credit standing and total turnover. You should be a company registered and licensed to operate in Hong Kong or other countries acceptable for the qualifying criteria set by Velotrade.

Invoice factoring calculator for free#

To assess your invoice finance options and more accurately determine factoring charges, speak to a consultant for free by filling in our online form.Q: Who are the businesses Velotrade work with?Ī: Velotrade collaborates with companies of all sizes and a variety of industries. If you are only looking to finance occasional invoices, you might consider spot factoring. Invoice discounting is often cheaper than factoring but requires you to have a higher turnover. Confidential invoice discounting facilities are also available. We can also often provide you with favourable rates you may not see by going direct!įrom pay-as-you-go to 30 day rolling contracts, there’s no need to be tied in to any agreement. There is no obligation to enter into an agreement with any of the funders we recommend. Our service is free of charge and we won’t run a credit-check on you. The amount of each invoice you would like advanced.The factorable turnover of your business and the size of your sales ledger.The credit-worthiness of your customers Our invoice finance calculator uses real data from hundreds of live invoice factoring clients to give you an indication of the cost of invoice finance.The size and frequency of your invoices.Your customers’ size, sector, location and trading history.Your business size, sector, location and trading history.However, every case is different of course.įactors which affect the cost of invoice finance include: Our calculator aggregates data from hundreds of real customers across multiple providers.

It is usually between 0.75% and 2.5% of turnover This is the cost for running your facility. This is essentially the interest rate paid on the money advanced.