Public Sector Debt Factoring
Good news for companies trading in the public sector, it is now possible to factor those debts without permission!
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Don't delay, why not talk to us about factoring on 0845 652 8704 or fill in our brief "contact" form here for a free initial consultation.
Factor Those Public Sector Debts
Factoring or Invoice Discounting of public sector trade debts has never been a business option. There have never been rules against debt assignment but permission has always been required and rarely granted.
This years budget lifted the requirement to seek permission to assign debts from goods or services provided to government departments. The removal of this constraint means that SME's can now compete more effectively in this market place or even enter it for the first time. This is because the potential cash flow problems that can occur can now be alleviated by utilising a trade finance facility without the need for consent from the relevant department.
If your company trades in the public sector then invoice factoring should now be on your list of commercial finance options to check out!
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Submitted by Finance Broker on Fri, 15/08/2008 - 10:39
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