What is Confidential Invoice Discounting (CID)?
• Only available to well established businesses that are well run and have a history of profitable trading. They should be turning over £300,000 per annum, have a net worth of at least £30k and their sales ledger/credit control functions be fully computerised. Typical service charges are 0.1% – 1% of turnover and interest costs of 1% to 2% over base. • The main difference between CID and factoring is the service is entirely confidential. Your customers are completely unaware of the arrangement.
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