Factoring

For many smaller businesses their most valuable assets are their outstanding invoices.

The factoring organisation manages the whole sales ledger process chasing outstanding invoices, issuing statements, telephoning customers and collecting payments. This service can free up huge amounts of management time that can be redirected to growing and managing the business.

By improving the speed of payment, cashflow is improved, enabling overdraft borrowing to be reduced and new business opportunities to be exploited.

A factoring facility rivals and can sometimes replace the need for a traditional bank overdraft.
Factoring is more flexible in that the funds available grow with the business and do not need to be reviewed every time an increase is required.

We work with you to select the method of factoring most appropriate to your trading situation.

As an independent finance intermediary we can assist businesses with:

• Preparing a business plan
• Sourcing appropriate lenders
• Compiling the finance application
• Negotiating with lenders for rates and terms
• Managing the process of finance delivery.

Factoring is a facility that releases the funds tied up in unpaid invoices therefore providing access to almost instant cash.

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