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“The failure of many small businesses can be directly linked to liquidity issues - a dilemma that can be easily resolved with factoring, known also as debtor finance or cash flow finance. ”
Factoring In A Nutshell
- Factoring, also known as cash flow finance, invoice finance and debtor finance, improves your cash flow by providing an immediate injection of cash into your business against the value of your outstanding invoices.
- When you raise an invoice, our lenders can release up to 90% of the value of that invoice within 24 hours. The remaining 10% is paid to you, less a small service fee, once your chosen lender receives payment from your customer.
- Your business has access to an ongoing supply of cash linked to your sales so as your business grows so does the amount of funding available to you.
- Debtor financing can save you valuable management time. Your chosen lender will prepare and send out statements, telephone all of your customers, collect payments for you and maintain professional and detailed accounts of your transactions to free up your time to undertake the activities which move the business forward.
- You make payments to your chosen lender via a specialist bank account.
- You will have 24 hour access to your account and reporting via your chosen lender's secure client website.
- Reduce debtor days and improve control over cash flow.
- By making use of a factoring facility you can improve profitability by taking advantage of any volume and early settlement discounts in purchasing, and by reducing your own discounts.
- Free up real estate security, such as the family home, from the business altogether or use it to secure additional finance to reinvest.
What Next?
If you would like to be referred to one of our debtor finance specialists you can:
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