Factoring Criteria
  • Upto 90% initial payout
  • Low service fees
  • Low interest rates
  • Minimum turnover £100k
  • Payout in 48 hours or less
  • New companies considered
  • Late payments, arrears, CCJ's, all considered
Contact Us Today!

Don't delay, why not talk to us about invoice factoring on 0844 504 9866 or fill in our brief "contact" form here for a free initial consultation.

Case Studies

Why not take a look at some of the factoring finance cases we have completed previously.

How Factoring Will benefit Your Company

There are many advantages to employing a factoring facility, however there are drawbacks too!

Advantages

For businesses short of working capital utilising the services of a factoring lender provides a major boost to cash flow by immediately releasing funds tied up in trade debts. Other advantages are:-

  • Cash is available as soon as an invoice is issued to the debtor.
  • You will not need to keep renogiating the facility, factoring grows with your sales ledger.
  • Numerous factoring lenders means that debtor finance charges are usually competitive.
  • Advances are secured soley against the value of the invoices discounted.
  • Bad debt insurance can be taken with the factoring facility i.e. the factor will buy your invoices without recourse.
  • The factor will own the invoiced debts and will be responsible for their collection, leaving you to concentrate on your business growth.
  • Use of an invoice discounter may deter late payments by some customers.
  • Other commercial loans will be unaffected by using debtor finance as it is an off balance sheet solution.

Dis-Advantages

Your customers will know that you are factoring as the invoice itself will be payable direct to the lender. To discount your debtor book on a confidential basis then you need an invoice discounting facility. Other dis-advantages are:

  • The profit margin of each invoice is reduced. Costs should be compared against other commercial finance options.
  • After any agreed minimum term, should you wish to close the facility any unpaid invoices will need to be settled.
  • The factoring company will be dealing direct with your customers, make sure the chosen lender has a good customer service record and won't damage your reputation.
  • If you do not have the non-recourse factoring option then you will still be responsible for any bad debts.
  • The factor can reject any customers who they believe to be a bad credit risk.

Take advantage of our specialist invoice factoring knowledge, why not contact us right now!


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