For more help and services on factoring: Information and Contact Form
We have a network of business advisers waiting to help you with information, guidance and services to assist you in financing your company debts and improving your cash flow.
This FREE SERVICE is offered to any UK business that offers credit terms to their customers (not retail) and includes Business Invoice Factoring Services, one of the best ways of turning 'sales into cash'.
It's true, and well documented, that not every business can approach any lender, but sometimes we impose our own restrictions on who we think would actually lend to us - the biggest example: Factoring (where cash advances of up to 90% of an invoice value can be obtained immediately) is perceived to be for established companies only. However, one factoring company finances start up businesses at a rate of 1 in 5 deals!
Not many business owners would turn to a factoring company if the bank refused to increase an overdraft, but it is also for this reason that the factor exists. Further, should you be initiating or extending credit terms to your customers, your bank will consider this a risk where the factor considers this as normal trading conditions.
Factoring is also perceived as being for 'solid' businesses with good years of trading: not so. Factoring is as much for the growing company with cash flow problems as it is for well run solvent concerns. In fact, with factoring you also get the benefit of the factors customer vetting and cash collection skills which means you can lean on them for this specialist skill as a no-cost service.
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