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Invoice pre-financing allows you to make your own cashflow decisions and gives you a host of other benefits.
Fast
You will receive payment within 24 hours.
Flexible
You decide which of your accounts receivable we take on.
Risk-free
Once a credit check comes back positive, we’ll assume the default risk.
Independent
You’re not tied to your customers’ payment periods.
Fast
You will receive payment within 24 hours.
Flexible
You decide which of your accounts receivable we take on.
Risk-free
Once a credit check comes back positive, we’ll assume the default risk.
Independent
You’re not tied to your customers’ payment periods.
How do you decide?
Is factoring right for you? Take our test and find out.
VIDEO: Discover how GRENKE invoice finance can unlock immediate cash flow and empower your business to thrive.
INFOGRAPHIC: A Step-by-Step Guide
Compare our Products
Factoring Choice gives you liquidity when you need it. What can our other factoring products do for you?
Factoring Classic
Factoring Flex
Factoring Choice
Assumption of complete accounts receivable management
Pre-financing for specific invoices
Pre-financing of selected accounts receivable
Credit checks for entire customer bases
Credit checks for selected accounts receivable
Our Team’s Expertise
At GRENKE Invoice Finance, our dedicated team combines years of finance experience with industry expertise to support your business’s growth. Our account managers and credit specialists offer personalised, tailored solutions and exceptional service to ensure you have the financial flexibility to thrive. Meet the team that drives our success.
FAQS | Choice
What is Choice, and how does it work?
Choice Factoring from GRENKE is a flexible factoring solution that allows you to selectively choose which invoices to factor. Unlike traditional factoring, where all invoices might be included, Choice Factoring gives you control over individual invoices or batches. You submit the invoices you wish to factor, receive an advance on those invoices, and then the remaining balance, minus the fee, is paid to you once your customers settle the invoices.
Are there any requirements or limitations for the invoices I choose to factor?
With Choice Factoring, GRENKE does not impose strict requirements or limitations on the invoices you select. You can factor invoices of various amounts and from different customers based on your needs. However, invoices must meet our general criteria, such as being issued to creditworthy customers and not being overdue. Our team will work with you to ensure that the invoices you choose are suitable for factoring.
How is the fee structure determined for Choice Factoring?
The fee structure for Choice Factoring is based on a percentage of the invoice value and may vary depending on factors such as the volume of invoices factored and the credit risk associated with the invoices. We provide a clear and transparent fee breakdown before you start using the service. This allows you to understand the costs associated with factoring each invoice and plan your finances accordingly.
