ABN AMRO Commercial Finance Invoice Finance User Reviews
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ABN AMRO Commercial Finance is an international provider of financial products to businesses. They are a Netherlands based bank where they are one the countries largest banks, but they also have a presence in the UK, France, Germany and further afield. They have several offices in the UK in London, Manchester, Birmingham and Hayward’s Heath.
ABN AMRO Commercial Finance specialises in providing receivables finance to businesses of all sizes which include invoice discounting, invoice factoring and asset-based lending.
ABN AMRO Commercial Finance Invoice Finance Options
ABN AMRO Commercial Finance offers a choice of invoice finance products that allow businesses to release the money that they have tied up in unpaid invoices. This advance on customer payments allows businesses to access funding quickly and it is repaid when the customer pays their invoice, so it is only a short-term finance solution.
Key information about their invoice finance:
- Release up to 90% of invoice values
- Suitable for payment terms from 30 to 90 days
- Revolving credit facility
- Fast and easy finance
- Grows with your business as your sales ledger increases
- Provides personal account management
- 24/7 access to your account to submit invoices, review your account and request money
- Option to include Bad Debt Protection to protect against customers failing
Invoice Factoring
Invoice factoring is an invoice finance solution that provides the cash advance service with credit control services. Their experienced Credit Control team will manage your invoice collections on your behalf and manage the repayments. You will have a dedicated Credit Controller who will get to know your business.
Invoice factoring is most suited to businesses that do not have an established credit control facility and can benefit from external support the most. It is open to established businesses through to business start-ups that have a robust business plan and are forecasting revenues over £1 million in the first year.
Invoice Discounting
Invoice discounting operates in a similar way, but you retain your credit control and maintain your customer relationships. It is also known as confidential invoice discounting as it is a more confidential service as your customers do not need to know about the service. You will be given a dedicated Relationship Manager to support you.
Invoice discounting is designed for more established businesses that have their own credit control functions.
ABN AMRO Commercial Finance Invoice Finance Eligibility
There is no clear eligibility criteria available but invoice factoring is only available to established businesses and start-ups that have a robust business plan and are forecasting revenues over £1 million in the first year.
ABN AMRO Commercial Finance Invoice Finance Rates
ABN AMRO Commercial do not disclose their invoice finance rates on their website, you will need to enquire to get a personalised quote.
ABN AMRO Commercial Finance Invoice Finance Calculator
There is no invoice finance calculator available.
ABN AMRO Commercial Finance Invoice Finance Reviews
There are only reviews available on Trustpilot for ABN AMRO Commercial Finance and these reviews are largely negative with 91% of reviewers scoring them as bad. The reviews cover all of their products, business and personal customers as well as customers from different countries.
Comments included that they are difficult to contact, issues with lost debit cards, poor customer service, fee transparency and technical difficulties.
Trustpilot – 1.2/5 (based on 740 reviews)
Google Reviews – no reviews
Reviews.co.uk – no reviews
Review Centre – no reviews
Smart Money People – no reviews
How To Apply For ABN AMRO Commercial Finance Invoice Finance?
If you want to enquire about any of ABN AMRO Commercial Finance’s products you need to complete their contact form and they will get in touch with you to discuss your needs further.
Pros
- Provides a choice of factoring and discounting
- Established provider
- Specialises in receivables finance in the UK
Cons
- Poorly rated in customer reviews
- Only caters for larger or more established businesses
- Only offers a small range of products in the UK
Website: ABN AMRO Commercial Finance