In difficult financial times, chasing invoices is quickly becoming the full-time career of many business owners. When times are tough, payments can dry up, and you are not paid on your standard terms of 30, 60 or 90 with these dates being stretched even further, leaving your own enterprise without the vital lifeblood it needs to grow and thrive. Invoice factoring allows ambitious businesses to release cash flow still tied up in unpaid invoices instantly rather than having to wait – helping your business to grow, even when cash-strapped clients put the brakes on.
Factoring is the most commonly used form of Invoice Finance – it allows you immediate access to cash which is usually higher than traditional bank funding with advances that could be as high as 90% of your gross sales ledger value.
Factoring offers a credit control function and a full payment collection service leaving you to focus more on the many other important matters of running a successful business.
Factoring can be provided either on a disclosed or a confidential basis. This facility can also come with the benefit of bad debt protection
Whether your looking for funding for acquisitions, Management buyouts, Construction or increased working capital to allow your business to grow, please contact one of our team who would be more than happy to assist you.