Which businesses are suitable for factoring?
Factoring should be considered as an option for a small business that is experiencing cashflow problems but has a good core business. In this case, factoring can help you get through these periods without incurring additional debt and without negatively impacting your credit rating. By factoring their accounts receivable, UK business can have the cashflow to grow and stay profitable.
- Does your business sell on credit?
- Do your customers pay invoices slowly?
- Does you business raise invoices?
- Does your business lack cashflow?
- Do you need to raise cash to fund a Management Buy Out (MB0)?
- Do you need to raise cash to fund a Management In Out (MBI)?
Any business that invoices customers for payment can use factoring services. It is an excellent source of business finance for many firms in the business to business sector in the UK.
- Recruitment agencies
- Security guard services
- Transport companies
- Garment companies
- Textile businesses
- Exhibition firm
- Engineering firm.
- Refrigeration business
- Construction firm.
- Alcohol sector.
- Conference Sector
- Accountants
- Mining businesses.
- Business that cannot get a loan
Get a factoring or invoice finance 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.