Arranging a factoring accounts receivable facility

Arranging a factoring accounts receivable facility

What is an ‘an account or account receivable’

For factoring purposes, an accounts receivable is an invoice where money due for a product that has been shipped, received, and accepted or for a service that has been carried out.

Details on arranging a factoring accounts receivable facility

UK businesses can release the cash tied up in unpaid invoices using a factoring accounts receivables facility. An accounts receivable factoring company can help a business convert its unpaid accounts receivables or invoices into cash within 24 hours of submitting an invoice.

Why should businesses in the UK consider factoring accounts receivables?

  • Accounts receivable financing, can serve as an excellent financing source to business which are growing at a rapid pace.
  • Accounts receivable financing is a short-term financing solution that many businesses in the UK consider if they do not qualify for a loan or overdraft.

We can arrange accounts receivable financing. Call 0800 597 4757 to compare factoring quotes instantly online or speak to a member of the factoring accounts receivables team.

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