Factoring
Finance Business Banking
and Factoring
Factoring Finance Business Banking and Factoring
Debtor
balances are often the largest asset on a balance sheet, sometimes
representing 2-3 months sales.
Factoring/Invoice
discounting represents a way to unlock these funds immediately
by providing finance against your debtor balances.
Unlike
bank funding you will always have access to additional funds
as your business grows, without having to renegotiate any
facility you have agreed.
Factoring
and Invoice Discounting, releases "locked up" funds,
as cash is advanced against your outstanding invoices.
Cash
is advanced against your existing debtor (sales) book, so
that if your business is owed, say, £100,000, you could
receive up to £90,000 immediately.
The
money raised can be used for any purpose, from repaying your
existing bank overdraft and releasing directors from personal
guarantees and bank charges over private property, to helping
you finance a major acquisition.
Factoring
Finance offer impartial advice to help you find the most appropriate
funding solution, and help you to decide on the right funding
partner.
Improve
your cashflow with a Factoring Finance flexible finance facility
tailored to your own particular business needs.
Invoice
Discounting offers a flexible source of funding that automatically
grows with your sales, quickly unlocking funds previously
tied up with customers.
Increases
in sales are matched by increases in the amount of cash available
to you
More
funds are usually available than from a traditional overdraft
Up
to 90% of invoice value is advanced, with balance (less charges)
paid on collection
Funds
are advanced against new invoices within 24 hours if required
Factoring
is similar to Invoice Discounting but also offers:
- Professional
sales ledger management
- Credit
management
- Debt
collection services
- leaving
you free to move your business forward.
For
further information on Factoring Finance Business Banking
and Factoring visit the Factoring Finance Website.
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