There are several reasons why we do not try to quote rates on this site or simply offer to obtain you a series of quotes.

Fundamentally, we believe that firstly it is more important to get the right lender for your circumstances than the cheapest lender.

But over and above this, with approximately 60 active lenders, the factoring and invoice discounting market is very competitive and you will therefore tend to find that lenders' rates and charges tend to be similar in any particular case. In such a competitive environment, a lender that consistently overcharged would soon lose business.

In addition, individual lender’s policies and therefore their rates and charges are also changing all the time.

And finally, any online quote is in our view largely meaningless. A lender’s charges will depend on a wide range of factors particular to your business from the number of invoices you issue a month through to the quality of your underlying paperwork, and the number and risk profile of your customers. This means that no lender is really in a position to offer a meaningful quote until they have actually met you and got to understand your business.

So you may find that if you use a simple ‘online cost comparison’ type of approach, all that will happen is that some lenders may ‘low ball’ their prices in order to get in to see you, while given the cost involved in actually forming a proper view of what is required and the appropriate rate, other lenders may not be interested in quoting to be in competition with 60 other lenders.

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