Invoice Factoring, is simply known as Factoring and is a type of Invoice Finance that is available to businesses who invoice on credit terms to other businesses. It allows a company to raise funds against unpaid invoices instead of them waiting for up to 120 days for their customer to pay them. Skipton Business Finance is part of the Skipton Building Society Group who is one of the most trust worthy building societies in the world. Factoring is a finance product that is fast-growing and becoming used by businesses more and more as banks become more untrustworthy and inflexible. Other forms of invoice finance include Invoice Discounting.