What is Domestic Factoring?
Domestic factoring is a specialised financial service for businesses in the UK that is aimed at improving a businesses cash flow by providing finance against invoices to customers who take up to 120 days to pay. Domestic factoring companies usually advance payments up to 90% of the amount of assigned invoices within 24 hours.
Factoringhelpline.co.uk is one of the UK's few providers of international factoring, import factoring, domestic factoring services under one roof in the UK. It has established itself as a market leader in factoring providing improved services to its clients.
What is the advantage of domestic factoring?
- Domestic factoring means businesses can access immediate cash up to 90% of the value of approved invoices without having to wait.
- Domestic factoring providers make payment to businesses within 24 hours of receipt of the invoices.
- Domestic factoring companies can carry the collection responsibility for assigned invoices.
- Domestic factoring arrangements provide protection against customer insolvency or bankruptcy.
- Domestic factoring companies can provide businesses with a weekly or monthly analysis of sales and payable invoices
- Domestic factoring companies can provide businesses with reports on customer payments.
- Domestic factoring companies can provide businesses with flexible financing
- Domestic factoring is based on a businesses level of sales so the factoring arrangement can grow as your sales increase.
Get a domestic factoring quote today by calling 0800 597 4757 or apply online to compare factoring companies.
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The UK Factoring & Invoice Discounting Helpline is a leading finance brokerage specialising in factoring and invoice discounting. We offer free, independent and impartial advice on business finance options. We have been helping businesses of all sizes and commercial sectors solve cashflow problems for more that 10 years. We have found factoring and invoice discounting facilities for many thousands of businesses and remain in contact with all our clients.