Most start up businesses experience greatest demands upon their cash flow whilst they are young and growing. Often this can constrain how you wish to grow and you end up spending more time chasing money than making it.
Traditional funding such as bank overdrafts and loans are often too inflexible to cope with the needs of your young and growing business. Security, guarantees and other limitations are required which young businesses often cannot fulfil.
We can help
A factoring facility will grow in line with your sales, and you don’t usually need to use personal assets as security. We can offer a tailored specialist factoring service to startups to meet your specific borrowing needs.
How does 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.
Get a no obligation instant quote online from us by completing the form on the side of this page. We will then arrange for Customer Manager to call you and create the best possible deal for you and answer any questions. At all times you are in control. We do not pester you or try and sell you other services. Our clients are our business.