|
|
Factoring
and Invoice Discounting |
Is lack of cash flow
holding your business back?
Do you waste too much time chasing payment?
If your business trades with other businesses on credit terms our services
could help. We can provide finance to speed up your cash flow, save
you time currently chasing payment and protect you from the risk of
bad debt.
Factoring is a very flexible way of improving cashflow for all types
of businesses with gross sales of at least £50k pa. No other
financial criteria apply.
Invoice discounting releases up to 85% against unpaid sales invoices
(less a small service fee) within 24 hours of your raising them. The
remaining balance is paid when your customers settle their outstanding
invoices. Asset Based lending including invoice discounting is available
to businesses with an annual credit turnover of just £250k.
The fundamental difference between factoring and invoice discounting
is that the factor’s involvement is disclosed to your customers
and the factor takes responsibility for collecting the value of outstanding
invoices on your behalf.
|
|
|
|