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CHOCS is a form of invoice finance where the lender provides funding but allows the business to handle its own collections, even if invoices are technically assigned to the finance provider.
It is generally structured as a hybrid between factoring and discounting—funds are advanced like factoring, but collections remain with the business.
Provide goods or services to your customer and issue an invoice as usual.
Share the invoice details with your chosen invoice finance provider.
The provider will advance you a percentage of the invoice value, usually between 70% and 90%.
Your customer then pays the invoice either directly to the finance provider or to you, depending on the type of facility.
Once payment is received, the finance provider releases the remaining balance to you, minus their agreed fees or charges.
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It combines the funding benefits of factoring with the confidentiality and customer control of discounting. Businesses can access cash flow quickly while maintaining client relationships.
Best suited to firms with good credit management processes who want funding but don’t want customers dealing directly with the lender.
While more flexible than standard factoring, CHOCS is not fully confidential, customers may still see the lender’s name on remittance details.
More so than factoring, but not as discreet as discounting.
Typically 70–90% of invoice values.
Yes, collections remain your responsibility.
Yes, it scales with your invoice volume.
Often yes, as you manage collections yourself.
