Regency
Factors Business Banking
and Factoring
Regency Factors Business Banking and Factoring
But
what is factoring?
Sales factoring removes the funding and administration headaches
from your business. This is achieved by a factoring company
such as Regency factors giving you immediate cash advances
against your 30 - 60 day invoices - funding when you need
it!
The
Regency team then operates a telephone based credit control
service to coax your customers to settle their account on
time in a friendly and effective manner.
What
are the benefits of factoring?
In unburdening yourself from the limitations of poor cash
flow you can enjoy:
- Cash
funding when you need it
- A
high performance sales ledger
- A
cash injection of 75 - 80% of your total outstanding sales
invoices
- Outsourcing
the chore of credit control to an organisation with time
and resources
- Time
to develop your business, expand and find more customers
- The
freedom to focus on growth and profitability
How
does it work?
- Send
Regency factors your sales invoices
- Receive
75% - 80% of the gross value less a small service charge
- Receive
the remaining balance as remittances are received from your
customers
How
much does it cost?
- For
operating your sales ledger and credit control we charge
a small percentage of each invoice factored.
The amount depends on your business's invoicing patterns
and customer base
- A
small set up charge is levied but both these costs are quoted
in the early discussions stage
- All
cash advances are interest-free
- No
charges are made for: Administration - Payments - Management
fee
In
fact, no hidden extras at all. What Regency Factors quote
is what you pay...
For
further information on Regency Factors Business Banking and
Factoring visit the Regency Factors Website.
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