As a young or new business cash flow is one of the hardest elements of a business to manage. This can constrain how you wish to grow and you end up spending more time chasing money than making it. With traditional sources of funding often difficult to access without a track record invoice factoring is an ideal way to plug the gap. We are a small and new business specialist in cash flow finance.
We can help
Specialising in UK new and small businesses allows us to offer tailored invoice factoring deals normally only available to larger more established businesses.
Get a no obligation instant quote online from us. We will then arrange for Customer Manager to call you and create the best possible deal for you and answer any questions.
How does invoice factoring work?
You will receive advances of funds against your outstanding sales invoices. You inform us electronically or by post that you have issued an invoice and our factoring service will provide up to 90% of the value of your invoices and can usually be paid out within 24 hours of raising them. The remaining debt is forwarded to you once the debt is settled, less any finance charges.
A key benefit of factoring is its ability to provide credit management releasing valuable time for your business. The factoring provider will agree procedures with you and send statements and reminders to your customers of outstanding debts. Beyond this, you at all times remain in control of your customer relationships.