Factoring / Invoice Finance Solutions
You will be surprised at just how effectively a flexible Invoice Finance arrangement can assist your Cash Flow and Working Capital problems. In essence a Factoring facility draws cash quickly in to the business by converting your debtor book into readily available revenue, the security for the advance being the invoice itself.
No matter what the age and size of your business we can normally provide a workable and cost effective Factoring solution to improve the cash flow in to your business at rates often far better than overdraft terms.
Key benefits of a Factoring Solution include:
- Up to 85% of the Invoice Value paid to you on issue.
- On-line process and cash paid in to your account same day / next day
- Facility available to new start business with turnover from just £100K per annum
- Bad debt insurance can be included if necessary to give additional peace of mind
- Factoring can be offered to most Business types and Industry Sectors
- Reduced finance costs and increased flexibility over traditional overdraft facilities
- Easy to set up and the service can be operational within 7 – 10 working days
We offer free and unbiased advice and will tailor a Factoring and Invoice Finance solution for clients to meet their exact needs and budget. Our level of service is extremely high which is vital at a time when more and more businesses are finding that they have to look beyond the traditional Bank overdraft to satisfy their increasing cash flow needs. We will provide you a view of the entire market – quickly and efficiently and can implement a Factoring solution without disruption to the running of your business.
Invoice finance can be used throughout the business life-cycle from new startups, business looking grow, and for Management Buy Out/Ins
The different types of invoice financing available
- Factoring - Lender provides credit control to ensure the customer pays on time
- Discounting - credit control remains with the company
- Spot/Selective - you choose the customer accounts or selected invoices you wish to finance
Due to our wide range of lenders we can support the following industry
- Trade finance
- Contract Finance
- Wholesale & Distribution
Book you free appointment now to find our how invoice financing can help your business