Invoice finance | IT recruitment
Invoice finance for IT recruitment contractors and placement fees
Understand invoice finance for IT recruitment contractor payroll and permanent placement fees, including factoring, discounting, rebate clauses and debtor checks.
Definition
Invoice finance for it recruitment
IT recruitment businesses often have to fund contractor payroll before the client pays, while also waiting on permanent placement fees that can be delayed by internal approvals, invoice queries or rebate clauses. That gap can create pressure even where sales are healthy, because the timing of cash in and cash out does not always move together. Ocean Capital Exchange is a commercial finance broker, not a lender, so it helps businesses compare funding structures rather than providing the finance itself. In this niche, the detail matters. A contractor payroll invoice and a permanent placement invoice may look similar on paper, but the way they are written, approved and disputed can affect whether a funder will treat them as eligible. The right structure depends on who owes the money, what the contract says, whether the debt is due, and whether there are any offsets, rebates or retained amounts that could reduce the final collectible value.
Invoice finance is a form of receivables funding: a provider advances an agreed percentage of the value of eligible business-to-business invoices, then releases the remainder, less its charges, once the customer pays.
It is not a term loan with a fixed repayment schedule. The amount available moves with the sales ledger: as new eligible invoices are raised, more funding can become available; as customers pay, the advances are settled.
Providers typically focus on the creditworthiness of the customers paying your invoices, so your business's own credit profile may carry less weight. They still assess your business, invoice quality, payment history and customer concentration.
There are two main forms. In factoring, the provider normally manages the sales ledger and collects payment from customers. In invoice discounting, the business normally keeps its own credit control and customers pay into an account the provider controls.
At a glance
- Funded against
- Eligible, undisputed invoices raised to business customers
- Main forms
- Factoring and invoice discounting
- Advance rate
- Set by the provider for each facility; not a fixed percentage
- Charges
- Typically a service fee and a discount charge, plus any other fees in the contract
- Recourse
- Under most facilities the business remains responsible if a customer does not pay
- OCE’s role
- Introducer to third-party finance providers; not a lender
How invoice finance works for IT recruitment invoices
Invoice finance is based on unpaid, eligible invoices owed by business or public-sector customers, not on the promise of future work. For an IT recruitment agency, that may include contractor payroll invoices raised to a client for time worked, or permanent placement fees charged under a recruitment agreement. The invoice must normally be valid, due or approaching due, and supported by the underlying contract or terms of business. If there is a rebate clause, a dispute, a payment notice issue or a set-off right, the funder will want to understand how that affects the collectible amount. The key point is that the receivable itself is the asset being assessed, not just the strength of the agency’s sales pipeline.
Some businesses assume all outstanding invoices are treated equally, but that is rarely the case. A debtor with a reliable payment history may be viewed differently from one that pays slowly or raises frequent queries. Concentration also matters, because heavy reliance on one client can create risk if that customer delays payment or disputes several invoices at once. Ocean Capital Exchange does not lend directly; it acts as a commercial finance broker and helps businesses compare how different funders approach these issues. That is particularly useful in IT recruitment, where contractor payroll often needs a steady flow of cash and permanent placement invoices may have different contractual risks from one deal to the next.
Factoring, discounting and selective funding in recruitment
Factoring and discounting are often discussed together, but they work differently in day-to-day operations. In factoring, collections normally sit with the funder, which can change how the business communicates with clients and how invoice queries are handled. That may suit agencies that want help with debtor admin, but it also means the client usually knows the invoices are being financed. In discounting, the business usually keeps credit control, so the agency continues to collect the debtor ledger itself while drawing against eligible invoices. That can preserve a more internal collections process, but it also requires reliable back-office discipline and clear reconciliation. Spot factoring is narrower again, because it is designed for selected invoices rather than the full book, which can be useful where only certain placements or clients meet the funder’s criteria.
For IT recruitment, the choice may depend on whether the core pressure comes from contractor payroll, from lumpy permanent placement receipts, or from a mixed model. A business that invoices a small number of large clients may need to think about concentration and contract wording more carefully than a business with many smaller debtors. Rebate clauses in permanent placements deserve special attention because they can reduce the value of the receivable after the invoice is raised. A broker can help a business understand these distinctions before it speaks to a lender, but the lender’s own assessment will still determine what is actually available.
Documents, costs and recourse risk to plan for
Invoice finance is not just about the invoice itself. A funder may ask for contracts, purchase orders, timesheets, placement terms, debtor details, aged receivables information and evidence that the invoice is valid and undisputed. For permanent placements, the wording around rebate clauses, guarantees and replacement periods can be especially important. For contractor payroll, the funder may want to see the basis for the billing, who approved the work, and whether there is any right of set-off or counterclaim. If the debtor disputes the invoice, delays payment for a reason in the contract, or reduces the amount payable under a rebate clause, the funded balance can be affected.
Costs also matter, and they are not limited to a headline rate. There may be charges for the funding arrangement, collections support where factoring is used, administration, and any additional work needed to assess more complex invoices. Recourse risk is another practical point. Depending on the structure, the business may remain responsible if an invoice is not paid, for example because it is disputed, invalid or otherwise outside the agreed criteria. That is why a broker-led review can be valuable: it helps an IT recruitment business compare structure, paperwork and operational fit before it submits a formal enquiry to a funder.
Suitability
Which businesses it tends to suit
Eligibility for invoice finance is assessed case by case. A funder will usually want to know who the debtor is, whether the receivable is a genuine business-to-business debt, whether the invoice is valid and unpaid, and whether there are any disputes, set-off rights, retention-style issues or rebate clauses that could affect collection. For IT recruitment, it is not enough that work has been done or that a placement has been made; the invoice must also be enforceable under the contract and acceptable to the funder. Applicant credit is relevant, but it is not the only consideration. Debtor credit, concentration, invoice wording and the business’s own collections process can all affect the decision. Ocean Capital Exchange can help prepare the enquiry and compare funder appetite, but it does not guarantee approval and does not provide the funding itself. Invoice finance is built around a sales ledger of business customers. Whether it fits depends less on your sector than on how you invoice and who owes you money.
Usually a fit
- Businesses that invoice other businesses on credit terms and regularly wait weeks or months to be paid.
- Growing businesses whose sales are rising faster than cash comes in, so working capital is stretched by success rather than by losses.
- Wholesalers, distributors, manufacturers, recruiters and service firms that must pay suppliers or staff before their customers settle.
- Businesses that would value help with collections, where factoring and an outsourced credit control function may be appropriate.
Usually not a fit
- Businesses selling mainly to consumers, or taking payment at the point of sale. There is no business receivable to fund.
- Pre-payments, deposits and invoices raised before goods or services have been delivered, which providers generally treat as ineligible.
- Ledgers with significant disputed, contra or long-overdue debts, which are usually excluded from the funding calculation.
- Ledgers heavily concentrated on one or two customers, unless a provider agrees a concentration limit that suits the business.
Process
How invoice finance works for it recruitment
For it recruitment, the process needs to reflect the business and its funding purpose. The mechanics vary between providers and between factoring and discounting, but the cycle for a single invoice usually follows these stages.
- 01
Invoice issued
You deliver goods or complete services and raise a valid invoice to your business customer in the normal way.
- 02
Provider checks eligibility
The invoice is notified to the provider, which checks it is eligible and that it sits within the customer’s credit limit and your overall funding limit.
- 03
Agreed advance paid
The provider pays you the agreed percentage of the invoice value. The balance, the retention, is held back until the customer pays.
- 04
Customer pays
Your customer pays into the agreed collection account, which is normally controlled by the provider. In factoring the provider chases payment; in discounting you usually do.
- 05
Reconciliation
The provider applies the payment against the advance and deducts its charges, such as the discount charge and service fee.
- 06
Balance released
The remaining balance is released to you. If the customer does not pay within the agreed period, a recourse facility can require you to repay the advance.
Protection against customer insolvency (bad debt protection) is not included by default. It is only available where a provider separately agrees it, usually for an additional charge and subject to limits.
Comparison
Factoring, invoice discounting and spot factoring
All three release cash against invoices. Spot factoring focuses on individual or selected invoices, rather than an ongoing ledger facility. Compare how each option handles collections, customer relationships and reporting.
| Factoring | Invoice discounting | Spot Factoring | |
|---|---|---|---|
| Invoices funded | An ongoing facility covering eligible invoices for the agreed customer or debtor book. | An ongoing facility against an agreed eligible sales ledger. | Individual or selected invoices considered separately, subject to the provider's approval. |
| Who collects payment | The provider normally manages the sales ledger and collects from customers. | The business normally keeps its own credit control and collections. | The provider usually collects payment for the selected financed invoices, under the agreed terms. |
| Customer awareness | Customers usually deal with the provider and will be aware of the arrangement. | Can be arranged on a confidential basis only where the provider agrees. Confidentiality is not automatic. | Customers are usually notified of the payment arrangements for the financed invoices. |
| Internal resource needed | Lower; useful where the business has no dedicated credit control. | Higher; the business needs reliable credit control and reporting. | The business manages the rest of its ledger; provider support applies to the financed invoices. |
| Reporting to provider | Provider sees the ledger directly as it manages it. | Regular ledger reports, reconciliations and periodic audits by the provider are common. | Invoice details, debtor information and supporting evidence are assessed for each selected invoice. Checks vary by provider. |
| Typical fit | Smaller or fast-growing businesses wanting collections support. | Established businesses with robust financial controls. | Businesses with occasional cash-flow gaps or larger invoices, rather than an ongoing ledger-funding need. |
In practice
Funding needs for it recruitment
These are some of the practical funding challenges to discuss when considering invoice finance.
- Contractor payroll creates a timing gap
- Many IT recruitment firms pay contractors weekly or monthly, but do not receive client money until later. That means the business can carry payroll, employer costs and back-office admin before the invoice is settled. Invoice finance can help bridge that gap, but only where the invoices are eligible and the debtor is suitable. A funder will look closely at the client paying the invoice, the terms under which the contractor worked, and whether the debt is genuinely due. If the invoice is disputed, not yet properly raised, or linked to a contractual issue, it may not fit the funding criteria.
- Permanent placement fees can be challenged by rebates
- Permanent placement fees often carry rebate clauses, replacement guarantees or staged payment terms. Those features can affect the real value of the receivable, because a client may have the right to reduce, delay or reclaim part of the fee if the placement ends early or if a contractual condition is not met. That does not automatically rule invoices in or out, but it does mean the paperwork must be checked carefully. A lender may treat the invoice, the contract and any rebate clause as a single package when deciding whether to fund it and on what basis.
- Not every invoice is the same asset
- A business may assume that because it has raised an invoice, the money can be funded. In practice, applicant credit is only one factor. Debtor credit, invoice validity, concentration risk, the size of any one customer exposure, and the precise contractual wording all matter. A heavily concentrated ledger, a new client with weak payment history, or a disputed fee schedule can all change the assessment. Availability is not a simple function of turnover, and a strong order book does not guarantee that all invoices will qualify.
An IT recruitment agency has a steady book of contractor payroll invoices and a smaller number of permanent placement invoices. Some clients pay promptly, while others raise questions about timesheets or trigger rebate clauses on placements. The business wants to smooth payroll pressure without losing sight of how each client relationship is managed. In a hypothetical review, a broker would look at which invoices are due, which are supported by clean documentation, which debtors have acceptable credit profiles and which contracts contain clauses that could reduce the collectible amount. A factoring structure might suit the agency if it wants collections support, while discounting might suit it if it prefers to keep credit control in-house. A lender may offer an entirely different quote after reviewing the financials, debtor mix and contract terms, and some invoices may not be eligible at all.
Assumptions
- All examples are hypothetical and for operational illustration only.
- Invoice eligibility would depend on debtor quality, invoice validity, contract wording and any rebate clauses.
Illustrative example only. You may receive an entirely different quote after a lender reviews your financials and funding requirements. Approval and terms are subject to provider assessment.
Weighing it up
Benefits and material limitations
Consider both the potential benefits for it recruitment and the product risks below.
Benefits
- Release cash tied up in approved unpaid invoices
- The main attraction of invoice finance is that it can unlock working capital against eligible unpaid business-to-business invoices instead of waiting for the full payment cycle. For an IT recruitment agency, that can help with payroll timing, supplier payments and routine operating costs. The value is in turning completed, documented and due receivables into earlier access to funds, subject to the funder’s assessment of the debtor, the invoice and the contract behind it.
- Match the structure to how your team works
- Different invoice finance structures suit different operational styles. Factoring normally includes collections, so the funder is involved in chasing payment and may manage the debtor ledger. Discounting normally leaves credit control with the business, so the agency keeps collecting from clients while the funding supports cash flow in the background. Spot factoring, also called selective funding, is more targeted and concerns selected invoices rather than the whole ledger. That can be useful where only certain clients, contracts or placements fit the criteria.
- Keep control of risk areas before applying
- A practical benefit of working through a broker is the ability to compare how different funders interpret debtor quality, rebate clauses, disputes and concentration. Some structures may suit contractor payroll, while others may be better for larger placement invoices or mixed ledgers. Ocean Capital Exchange can help businesses think through the operational impact before approaching a funder, including how collections are handled, what disclosures will be needed, and where recourse risk might sit if an invoice is not paid as expected.
Material limitations
- Only eligible invoices are funded
- Disputed, overdue, related-party, pre-billed and some overseas invoices may be excluded, so the usable amount can be well below the ledger total.
- Customer and concentration assessment
- Providers set credit limits per customer and may cap exposure to large customers, restricting funding on your biggest accounts.
- Recourse
- If a customer does not pay, the business usually has to repay the advance. Bad debt protection only applies if separately agreed.
- Fees and minimum terms
- Contracts can include minimum fees, minimum periods, notice periods and termination charges, which matter if you later want to leave.
- Guarantees and security
- Providers may require personal guarantees, indemnities or debentures where agreed in the facility.
- Confidentiality is not automatic
- Customers may learn of the arrangement, particularly under factoring, or if the provider needs to collect directly.
Why Ocean
Invoice finance that fits the way you trade
The advance percentage is only part of the decision. Ocean helps you consider the type of invoice facility, your customers and the way you want to manage collections before introducing relevant providers from our panel.
Industry context, not just an application form
We discuss how your business trades, when money comes in and what the funding must achieve, so sector-specific cash-flow pressures form part of the conversation.
Access to a wide panel
Ocean works with a wide panel of third-party lenders and specialist finance providers. That gives you options beyond one bank's product range, subject to provider appetite and eligibility.
The product should fit the business
We help establish whether a loan, invoice facility, asset funding or another structure fits the requirement, rather than starting with whichever product a single bank has available.
Compare the terms that matter
Look beyond a headline rate. We help you understand the fees, repayment pattern, security, guarantees and exit conditions relevant to the options being discussed.
Less repeated legwork
A central point of contact helps organise the initial enquiry and information for relevant providers. It can reduce repeated explanations, although lenders may still require their own applications and checks.
Help asking the right questions
We help clarify what providers need and what to check before proceeding. You retain control of the decision and can take independent legal, financial or tax advice where needed.
For this product
Consider factoring, discounting or selected invoices
A growing recruitment business funding payroll may need a different facility from a supplier financing one invoice. We discuss customer concentration, payment terms, credit-control capacity and whether selected invoices or a wider sales ledger should be considered. The provider assesses eligibility, including the quality of the invoices and customers.
Ocean Capital Exchange acts as a broker and introducer, not a lender. We do not make lending decisions or guarantee that a provider will make an offer. Introductions are limited to providers available through our panel; each provider sets its own eligibility, terms and credit decisions.
Meet the Ocean team · Read our company and provider disclosures
Due diligence
What providers assess
Eligibility for invoice finance is assessed case by case. A funder will usually want to know who the debtor is, whether the receivable is a genuine business-to-business debt, whether the invoice is valid and unpaid, and whether there are any disputes, set-off rights, retention-style issues or rebate clauses that could affect collection. For IT recruitment, it is not enough that work has been done or that a placement has been made; the invoice must also be enforceable under the contract and acceptable to the funder. Applicant credit is relevant, but it is not the only consideration. Debtor credit, concentration, invoice wording and the business’s own collections process can all affect the decision. Ocean Capital Exchange can help prepare the enquiry and compare funder appetite, but it does not guarantee approval and does not provide the funding itself.
- Your customers' creditworthiness
- Providers typically review the creditworthiness of the customers paying your invoices. This can carry more weight than your business's own credit profile, although your business, invoices and sales ledger are still assessed.
- Aged debt profile
- How quickly customers pay and how much of the ledger is overdue.
- Concentration
- How much of the ledger depends on a small number of customers.
- Disputes and credit notes
- The level of disputes, contra trading and credit notes, which affects how reliably invoices convert to cash.
- Contract terms
- Whether customer contracts allow assignment of debts and whether invoices are raised only after delivery.
- Business financials
- Accounts, management information and existing security held by other lenders.
Information often requested
- Aged debtor and aged creditor reports
- Recent filed accounts and current management accounts
- A sample of customer contracts or terms of trade
- Details of existing borrowing and any charges registered over the business
- Bank statements
The documents list is indicative. A provider may ask for more, or less, depending on its process. Ocean Capital Exchange does not make lending decisions. There is no single published set of eligibility rules. Each provider carries out its own due diligence and applies its own criteria, including any turnover or trading history thresholds. Areas commonly reviewed include:
Pricing structure
Costs and repayment
For it recruitment, a quote should reflect the specific funding requirement. Invoice finance pricing is quote-specific. We do not publish rates because there is no standard rate: pricing depends on the provider, your ledger, your customers and the facility structure. The cost components to look for are:
- Service fee
- A charge for administering the facility, often calculated as a percentage of invoice value or turnover, sometimes with a minimum annual amount.
- Discount charge
- The cost of the money advanced, usually calculated daily on funds drawn, often expressed as a margin over a reference rate.
- Set-up and arrangement fees
- One-off charges for establishing the facility, where the contract includes them.
- Minimum usage or minimum fees
- Charges that apply if your volumes fall below an agreed level.
- Audit and ancillary fees
- Charges for periodic ledger audits, same-day payments, refactoring overdue debts or credit checks, where applicable.
- Termination fees
- Charges for leaving before the end of a minimum term or without the required notice.
Repayment and settlement
- Advances are normally settled from customer payments rather than by scheduled repayments from your bank account.
- Charges are typically deducted from the retention before the balance is released.
- Where a customer does not pay within the agreed period, a recourse facility can require you to repay the advance, or the provider may deduct it from other funds due to you.
- Exiting a facility usually means settling outstanding advances, which can require refinancing or a run-off of the ledger.
Checklist for comparing quotes
- 1.Advance rate and how eligible debts are defined
- 2.Service fee basis and any annual minimum
- 3.Discount charge basis and reference rate
- 4.Concentration limits and customer credit limits
- 5.Recourse period and treatment of overdue invoices
- 6.Minimum term, notice period and termination charges
- 7.Guarantees, indemnities and security required
Worked illustration
Invoice finance calculator for it recruitment
New to invoice finance? Choose Quick estimate, enter your outstanding invoice value and explore factoring, invoice discounting or spot factoring with clearly labelled example assumptions. Providers typically focus on your customers' creditworthiness, so your business's own credit profile may carry less weight. Your business and invoices are still assessed, and the profiles illustrate the overall funding scenario rather than your business's credit alone. Already have provider figures? Choose Compare my quote to enter the exact advance percentage, charges and payment terms. Estimates are illustrations, not lender offers.
Illustrative example only
Your actual quote may be entirely different after a lender or finance provider reviews your financial information and funding requirements. These figures are not a lending decision or an offer of finance.
Your estimate
Enter your outstanding invoice value to see an estimate.
0 of 1 required figures entered
Advance, charges and retention
Enter your invoice amount, advance rate, service fee, annual discount charge, days until customer payment to see the breakdown.
2 of 7 required figures entered
Illustrative only, not a binding finance offer. Costs vary by lender and applicant; additional fees may apply and eligibility is subject to assessment. Ocean Capital Exchange is an introducer, not the lender. Invoice collection, debtor quality, recourse and facility-wide minimum charges are not assessed. How this calculator works.
Discuss your requirements with the OCE team. No calculator figures are required.
Want to discuss these figures? Contact OCE. Calculator figures are not transferred automatically, so please include any you want us to review.
Industry guides
Finance for your industry
Explore how this type of finance can work for your business, including common uses and points to consider.
- Building maintenance
- Civil engineering
- Cleaning companies
- Commercial landscaping
- Construction recruitment
- Construction subcontractors
- Courier and delivery businesses
- Electrical contractors
- Engineering companies
- Engineering subcontractors
- Facilities management businesses
- Food and drink wholesalers
- Freight forwarding
- Haulage and logistics
- Healthcare staffing
- IT recruitment
- Managed IT services
- Manufacturing businesses
- Marketing agencies
- Mechanical contractors
- Packaging suppliers
- Printing companies
- Recruitment agencies
- Security companies
- Temporary staffing
- Timber merchants
- Waste management
- Wholesale and distribution
Invoice finance FAQs for it recruitment
Still unsure? Call +44 20 7183 2026.
Can contractor payroll invoices be funded through invoice finance?
They can be considered if they are valid, unpaid business-to-business invoices and the funder is comfortable with the debtor, the contract and the paperwork behind the billing. The key issue is not simply that the payroll was run, but whether the debt is due and collectible under the agreed terms. Timesheets, approvals and the client contract may all matter.
How do permanent placement fees differ from contractor invoices?
Permanent placement fees often involve rebate clauses, replacement guarantees or staged payment terms, which can affect the receivable’s value. Contractor invoices are more likely to be tied to recorded time worked and approved billing periods. Both can be financeable in the right circumstances, but the contract terms and any rights to reduce or reverse the fee need close review.
What is the difference between factoring and discounting?
Factoring normally includes collections, so the funder is involved in chasing payment from the debtor. Discounting normally leaves credit control with the business, so the agency keeps collecting the invoices itself. The choice affects client communications, back-office workload and how the receivables ledger is managed day to day.
What does spot factoring mean for an IT recruitment agency?
Spot factoring, also called selective funding, is where only chosen invoices are financed rather than the whole ledger. That can help if only some clients or placements meet the funder’s criteria, or if the business wants to finance a specific cash flow pinch point without changing its whole invoice process.
Do rebate clauses automatically stop an invoice from being financed?
No, not automatically. But they do need to be checked because they can reduce the amount ultimately collectable. A funder may review the wording of the clause, the stage of the placement, and any conditions that could lead to a rebate or credit note. In some cases the clause may be manageable; in others it may affect eligibility or pricing.
Why use Ocean Capital Exchange instead of going straight to a lender?
Because OCE is a commercial finance broker, it can help an IT recruitment business compare how different funders view debtor quality, invoice validity, concentration and rebate clauses. That can save time when the business has a mixed ledger or unusual contract terms. OCE does not lend itself; it helps match the scenario to a suitable funding route and explains the practical trade-offs before a formal application is made.
What is the difference between factoring and invoice discounting?
In factoring, the provider normally manages your sales ledger and collects payment from customers. In invoice discounting, your business normally keeps its own credit control, and customers pay into an account controlled by the provider. Discounting generally needs stronger internal controls and reporting.
How much of an invoice can be advanced?
Each provider sets its own advance rate for each facility, based on its assessment of your customers and ledger. There is no universal figure. The advance applies only to invoices the provider treats as eligible.
Whose credit profile do providers assess, and what documents will I need?
Providers typically focus on the creditworthiness of the customers paying your invoices. Your business's own credit profile may therefore carry less weight than it would for a traditional business loan, but it is not ignored. Providers still review your financial position, customer payment history, overdue invoices, customer concentration, disputes, credit notes and contract terms. Expect to be asked for aged debtor and creditor reports, accounts, management accounts and sample customer terms. Exact requirements are provider-specific.
Will my customers know I am using invoice finance?
Under factoring, customers will usually know because the provider collects payment. Invoice discounting can be arranged on a confidential basis, but only where the provider agrees, and confidentiality can be withdrawn under the facility terms, for example if the provider needs to collect directly.
What happens if a customer does not pay?
Most facilities are with recourse: if an invoice remains unpaid beyond the agreed period, you must repay the advance or the provider deducts it from other funds due to you. Protection against a customer’s insolvency is only included where separately agreed, usually at extra cost and subject to limits.
Do I have to finance my whole sales ledger?
Many facilities cover the whole ledger. Some providers offer selective or single-invoice arrangements that fund chosen invoices or customers. Whole-ledger facilities and selective facilities are priced and structured differently, so compare like with like.
Which fees should I compare between quotes?
Compare the service fee and any annual minimum, the discount charge and its reference rate, set-up fees, audit and ancillary charges, minimum usage terms, the minimum contract period and termination fees. The headline advance rate alone does not show the total cost.
How are advances repaid, and when do I receive the retention?
Advances are usually settled from your customers’ payments into the collection account. The provider then deducts its charges from the retention and releases the balance to you. Timing of releases depends on the facility terms.
Can invoices in foreign currency be financed?
Some providers will fund export invoices or invoices in other currencies, subject to their criteria for overseas customers. Invoice finance does not by itself protect you from exchange rate movements between invoicing and payment; currency risk should be considered separately.
How is the calculator result worked out?
The advance is the invoice multiplied by the advance percentage. The discount charge is the annual rate applied to the chosen basis (the advance or the full invoice) for the days outstanding on a 365-day year. The service fee is a percentage of the invoice. The retention released when your customer pays is the invoice less the advance and charges deducted at settlement. All figures are illustrative.
Independent background reading
These independent sources explain general concepts. They do not endorse Ocean Capital Exchange or confirm our providers, product availability or terms. Your provider’s agreement takes precedence over an illustration.
Important information
Ocean Capital Exchange Ltd introduces businesses to third-party invoice finance providers. We are not a lender and do not make credit decisions. Any facility is provided under the provider's terms and is subject to its assessment of your ledger and customers.
The calculator illustrates a single invoice using the rates you enter. It is not a quote and actual charges, minimums and fee conventions vary by provider.
Discuss funding for it recruitment
Talk to Ocean Capital Exchange about invoice finance for it recruitment. We can help you assess the product fit and discuss your requirements with relevant providers.
- Or call
- +44 20 7183 2026
- Office
- 73 Watling Street, London, EC4M 9BJ