patterns / invoice_finance_entry
credit thesisthe first invoice-finance / factoring lender just appeared on the register — working capital is being financed against the debtor book: 8.8× the refinance base rate, 5.7× on further non-bank credit
A first factoring facility means working capital is now financed against the debtor book — usually after the overdraft stopped stretching. It is the classic waypoint between bank credit and alternative capital: this cohort refinances at well above the base rate and takes further non-bank credit at 5.7×.
Asset-based and flexible-credit providers: the company has already crossed the psychological line — the next facility is a sales call, not an education.
The badge is recomputed nightly across the whole index, and re-evaluated live the moment a company files — so a match is always a statement about the current register, not a stale list. Like every signal the scout raises: a prompt to look closer, never a verdict.