Solutions · Factoring
Factoring: turn your invoices into working capital, up to 90% within 24 hours
You send an invoice, SOOF pays out up to 90% straight away. Your client pays later on their own term. The funding line grows automatically with your turnover, with no renegotiating with the bank.
How factoring works in practice
Your client has 30 to 60 days to pay, sometimes longer abroad, while you pay your people, your suppliers and your fixed costs every week or month. That gap puts working capital pressure on your business, and the pressure grows as you grow.
Factoring solves that. You submit your invoice to SOOF and we pay out up to 90% of the invoice value straight away. Your client then pays us on their own term, and you receive the remainder once that payment comes in.
SOOF works exclusively with traditional factoring, on your whole receivables book. The difference from bank credit is that the funding line has no fixed limit: it grows automatically with your turnover. More turnover means more working capital, without renegotiating.
The biggest pitfalls in working capital finance
What goes wrong with factoring, inventory and business finance, and how do you avoid it? A practical guide for CFOs, controllers and treasurers. No sales story, just the details that matter.
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Are your receivables already with the bank?
Your receivables are often already pledged to the bank, which makes factoring look impossible at first sight. SOOF takes over that pledge and coordinates the process with your bank, so that your invoices deliver working capital after all.
How taking over a pledge worksFactoring in three steps
Submit your invoice
Simply by email or upload, once you have delivered to your client. We start quickly, with no months of due diligence.
SOOF pays out up to 90% straight away
The advance rate is transparent in advance. No surprises afterwards.
Your client pays on their term
You receive the remainder once your client has paid. You have had your working capital long before that.
Why business owners choose factoring
A line that grows with you
More turnover means more working capital available, automatically and without a new negotiation.
Rates clear in advance
You know where you stand up front: a fixed factoring fee per invoice, and a daily fee if payment fails to come after 30 days.
Receivables management, optional
Want to hand it over? SOOF looks after the management and follow-up of your receivables if you wish.
What others say
We are very satisfied with what they offer, the way they work and the speed of payment. On top of that they think along with us actively and are always easy to reach. The contact is pleasant and professional.
J.J.C. Elektrogroep B.V. Electrical engineeringBottlenecks SOOF Finance solves for you
You are waiting on money you earned long ago. Does this sound familiar?
- Your clients pay after 30 to 90 days, while your costs run weekly
- Your turnover grows, but your working capital does not grow with it
- You cannot pre-fund a large order, so you let it go
- Your receivables are pledged to the bank, which stalls financing
Factoring solves that. You submit your invoice and SOOF pays out up to 90% straight away, while your client pays on their own term.
Frequently asked questions
You pay a fixed factoring fee for 30 days. If your debtor still has not paid after that, a daily fee is added. We make both transparent in advance, with no hidden costs.
Generally up to 90% of the invoice value, depending on your receivables book. We agree the exact percentage in advance.
Yes. Your clients pay with a SOOF payment reference. Factoring is common in many sectors, so in practice it rarely causes objections.
SOOF works with traditional factoring including credit insurance. We go through the exact terms around non-payment in the first conversation.
Yes. SOOF can operate alongside an existing bank facility. If your receivables are already pledged to the bank, we take over that pledge.
Yes. With longer foreign payment terms and limited bank security in particular, factoring is often a good answer.
Yes. For a factoring application your annual accounts have to be finalised.
Depending on the transfer of risk, factoring can be treated (partly) off balance sheet. We explain the treatment per situation, together with your accountant or controller. If you are an accountant yourself, see For accountants.
Contact
Start with a conversation.
Send a message and we will get in touch, usually within one working day. Prefer to call? You will find our number at the foot of the page.
Jaap van AalstCommercial Director
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What others say
Through working with SOOF, we are strong in more than just foundation work.
The onboarding was well organised. A simple process with fast payment.
We are very satisfied with what they offer, the way they work and the speed of payment. On top of that they think along with us actively and are always easy to reach. The contact is pleasant and professional.
We grow seriously every year, but finding suitable finance for a young business turned out to be hard. From the first contact with SOOF: short lines, pointed questions, quick to move. My feeling straight away was that they understand entrepreneurs here.
SOOF responds to the growing capital need in automotive. Vehicles on their way to their final destination are advanced against efficiently, so that we keep enough working capital to keep growing. Short lines, quick decisions, and a relationship that goes further than the transaction.