Cashflow Finance using Factoring or Invoice Discounting
Cashflow is fundamental to the success or failure of a business.
It would be great if the timing of sales receipts always perfectly matched the expenses of a business, however this is often not the case.
Slow and Late Payers are responsible for the demise of many good businesses every year.
Do you need help to improve your cashflow? Need to pay your staff’s wages or a supplier?
Factoring for Cashflow Finance
If you sell Business to Business on Trade Terms, then factoring may be suitable for you.
Factoring releases the Cash tied up in your unpaid invoices. Rather than waiting for 30/60 days to get your invoices paid, the invoice is sent to the Factoring company who releases up to 90% within 24/48 hours and the balance (less a fee) when they have received the funds from your customer.
Various options are available for a factoring facility, if appropriate:
- Fund all your invoices or only selected invoices
- Decide whether to credit insure against non payment
- Collections to be handed by you or the funder
Making use of online technology, the whole process can be handled easily and quickly.
How to choose a Factoring Company
This is where our experience of the invoice factoring market is invaluable.
We have contacts with all the major UK factoring funders and can introduce you to a lender who will be most appropriate to help you.
Not all factoring companies will deal within every sector, some factoring companies like construction or transport and some don’t – we can help.
Over the years we’ve helped many businesses to set up the invoice factoring facility they need, some examples of the sectors we have helped:
- Transport and Haulage
- Recruitment
- Construction
- Manufacturing
- Engineering
If you’d like us to help you, please get in touch
GET IN TOUCH