 Factoring:UK Invoice
and Debt Factoring Information and Advice: This
FREE SERVICE is offered to any UK business that offers credit terms to their customers
(not retail) and includes Business Invoice Factoring Services, one of the best
ways of turning 'sales into cash'.Factoring is sometimes
perceived as being for 'solid' businesses with good years of trading: not so.
Factoring is as much for the growing company with cash flow problems as it is
for well run solvent concerns. In fact, with factoring you also get the benefit
of the factors customer vetting and cash collection skills which means you can
lean on them for this specialist skill as a no-cost service.
It's
true, and well documented, that not every company or business can approach any
lender, but sometimes we impose our own restrictions on who we think would actually
lend to us. The biggest example is factoring (where cash advances of up to 90%
of an invoice value can be obtained immediately) and yet factoring is perceived
to be for established companies only. However, one factoring company finances
start up businesses at a rate of 1 in 5 deals! Not
many business owners would turn to a factoring company if the bank refused to
increase an overdraft, but it is also for this reason that the factor exists.
Further, should you be initiating or extending credit terms to your customers,
your bank will consider this a risk where the factor considers this as normal
trading conditions. For more help and services
on factoring: Factoring
Information and Contact Form For
more information:
Small Business Factoring
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