If you are looking for a cost effective flexible way to raise money for your growing business Factoring should be strongly considered. The main points to understand are that factoring allows your business to grow and be controlled by you rather than the customers.
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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
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