Having found out how factoring works and deciding whether it would be of benefit to your business the next stage is to find a factoring company that meets your requirements

All businesses are different and each has its own criteria in respect of the sort of factoring company it is looking for in order to provide it the factoring facility to suit its needs be it outsourcing the sales ledger administration, credit control, bad debt protection or simply funding against invoices to provide the cash flow for growth. It is important to find the right factoring company that your business will feel comfortable working with – remember with factoring there is a need for an on-going close relationship between the factor and its client – so you must select a factoring company that you feel you are going to get on with.

That is where we come in as we know the factoring industry and the services and facilities offered by many of the numerous number of factoring companies. To give you a better understanding of the service providers in factoring and invoice discounting we have listed a selection of factoring companies below with the number of clients they service in brackets. We have broken this list into three sections as follows:

a) Large bank–owned factors
b) Medium – to large factoring companies mostly part of other financial organisations.
c) Small Independent Factoring Companies

To decide which category of factoring companies would suit your business is down to personal choice of who you would like to work with but we suggest if you are a new start-up business or are small to medium size then the smaller factoring company would be more suitable. Larger organisations perhaps seeking invoice discounting may be more suitable to the larger bank-owned category or perhaps the medium to large section. Additionally factoring companies can vary in the range of products they offer, the types of industry they support and the basis of charging made.

That is where we come in – you can talk to us about your needs, preferences and we can give you an indication of the factoring company you should be talking too. We can obtain quotations for you and guide you to finding the right facility to suit your business needs.