Team Factors – reviews, analysis and fees

Last updated on 4 April 2024

Team Factors offers invoice factoring solutions to SMEs, with a particular interest in the recruitment sector – but does it have good reviews?

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Team Factors is by no means the most comprehensive provider of invoice financing on the market, with just one offering – the aforementioned invoice factoring, which means you will need to reveal your relationship with Team Factors to your customers.

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However, this is tempered by fast and efficient administrative processes, with an account typically approved and active within 48 hours, and up to 90% of the value of all factored invoices then released within 24 hours.

Video: Business loans and finance explained

Team Factors business loans and finance

Pros and cons of Team Factors for business finance 

Quick setup of an account – most are approved within 48 hours Absolutely no online reviews – this could be considered a major red flag!
Payment of up to 90% of invoice value within 24 hours once an account is live Limited product scope – just invoice factoring
Rolling 30 day contracts, so no long-term commitments You must relinquish all credit control to Team Factors
Team Factors pros and cons

Invoice finance

Team Factors offers two invoice finance products:

Invoice factoring

If you apply to work with Team Factors on this basis, your application will be assessed and hopefully approved within 48 hours. After this, you will submit all customer invoices to Team Factors, who will release up to 90% of the invoice value within 24 hours and take over credit control. Once your customer pays the invoice in full, Team Factors will send you any remaining funds owed, minus a fee for their service.

Recruitment finance

Exclusively designed for businesses in the recruitment sector that frequently deal with high-value invoices, Team Factors will offer a bespoke = factoring package that offers immediate release of funds as an advance against outstanding invoices.

Team Factors client account login

Asset finance 

Not available from Team Factors. See best asset finance

Commercial mortgages

Not available from Team Factors. See commercial mortgages.

Business vehicle finance

Not available from Team Factors. See business vehicle finance.

Merchant cash advance

Not available from Team Factors. See best merchant cash advance

Business loans 

Not available from Team Factors. See best business loans

Business credit cards

Not available from Team Factors. See best business credit cards

Team Factors key information

Phone number01923 882910
App downloadsN/A
Number of branchesN/A – Team Factors is an online business
FSCS protected?No
Key information

Team Factors reviews

Review platformScoreNumber of votes
TrustPilotNot reviewedN/A
FeefoNot reviewedN/A
Reviews.ioNot reviewedN/A
Smart Money PeopleNot reviewedN/A
Which?Not reviewedN/A
Average scoreNot reviewedN/A
Team Factors reviews and ratings

Business eligibility criteria

To qualify for invoice factoring through Team Factors, your company must have an annual turnover between £250,000 and £5,000,000.

Business finance alternatives

As Team Factors has quite a narrow product range, you may wish to consider other invoice finance lenders. Here are the most direct competitors of Team Factors.

  • Bibby Business Finance
  • Close Brothers
  • Creative Capital
  • eCapital Factoring
  • IGF Commercial Finance
  • Kriya
  • Novuna Business Finance
  • Pulse Cashflow Finance
  • Skipton Business Finance
  • Time Finance Plc

Additional considerations

Team Factors also offers bolt-ons to invoice factoring clients, including an option to run payroll through Team Factors, generating invoices on your behalf using headed paper bearing your logo, and bad dent protection in case your customer fails to settle an invoice.


How do I apply for invoice finance from Team Factors?

Call Team Factors on 01923 882910 to discuss your needs, or leave your details on an online form and request a callback.

How much can I borrow from Team Factors?

Lending on invoice factoring is capped at 90% of the value of an outstanding invoice. 

How quickly does Team Factors pay an advance on invoices?

Once you apply for an account with Team Factors you should be up and running within 48 hours, and advances on invoices will then typically be paid within 24 hours.

What fees are associated with borrowing from Team Factors?

Team Factors will charge a fee for processing and lending an advance against your invoices. Team Factors is not upfront about this cost – you will only find out how much you’ll be expected to pay once you discuss your business details.

Will I need to secure borrowing from Team Factors against an asset?

Lending on an invoice financing basis through Team Factors is an unsecured loan. 

Team Factors seems very interested in the recruitment industry – will they work with my company?

While it’s true that Team Factors places significant emphasis on what they can do for recruitment companies, they also work with other industries. Call Team Factors on 01923 882910 to discover if your business model qualifies for invoice factoring.

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Reviewed by , Managing Director


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