The benefits and advantages of using factoring

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• Factoring has the benefit of allowing a business to know exactly when they are going to get paid.
• Factoring reduces the need to raise finance against assets
• Factoring is a private and discreet method of getting paid.
• Factoring allows cash to enter the business far quicker than waiting for customers to pay.
• Factoring allows a business to receive up to 90% of the value of its invoices
• Factoring allows a business to get paid within 24 hours of sending out its invoices.
• Factoring is not expensive compared to other business loans or overdrafts.
• Factoring allows business owners to run their business.
• Factoring allows a business to improve cash flow without incurring debts
• Factoring allows a business to have cash available to meet taxation debts
• Factoring allows a business to have cash available to buy capital assets
• Factoring allows a business to have cash available to expand through marketing
• Factoring allows a business to keeps its suppliers happy by paying them quickly and possibly getting early payment discounts.
• Factoring allows business owners to run their business and reduce bad debt
• Factoring allows business to fast track new customer applications
• Factoring allows business to reduce administration costs
• Factoring is flexible, so you can factor as much or little as you want.

Get a factoring or invoice finance quote today by calling 0800 597 4757 or apply online to compare factoring companies