Factoring (and invoice discounting, another form of invoice finance) offers most businesses the great benefit of providing cash against unpaid invoices. Due to the way that borrowed money is secured, factoring frequently allows businesses to borrow larger amounts of money compared to more traditional forms of commercial finance such as bank overdrafts. Factoring invoices allows you far greater flexibility to access your outstanding debts and improve your cash-flow.
This improved cash-flow can be used for any normal business activities such as:
- Better working capital for start ups and mature businesses
- Additional sales ledger management
- Capital intensive project funding
- Acquisitions
- Financing rapid growth
Factoring invoices often allows greater access to funding for companies where funding can traditionally be harder to access because of the age of your business or the lack of security you can provide. Factoring can be seen as a short-term loan and as a broker with excellent partnership links with the biggest UK factoring companies, we can offer you the best deals available.
We have invoice finance solutions to give you a flexible and tailored service which allows you to dramatically improve your cash flow.