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1) A large and quick boost to your cash flow
With a factoring service, cash can be made available to
you within 24 - 48 hours of
sending us your invoices.
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A continuing source of working
capital, you will get paid earlier, allowing you to
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Reduce your capital base
requirements |
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Take advantage of early payment discounts to suppliers and
increase profit margins |
2)
Reduce the time you spend on credit control
The factoring company takes the responsibility of recovering
debt and outstanding invoices, which will free
up time to concentrate on your core business.
3) A more responsive
alternative to business overdrafts and loans
Factoring is a competitive business and as such it is
competitively priced. It’s
more than likely that overdrafts, loans and mortages would cost
you more time and money than the factoring facility fees and are
less responsive.
4)
Business credit rating is not an issue
Business credit rating is not an issue, you may qualify for factoring
even if you are a young company. You may even be able to improve
your credit rating and financial
statements by using an invoice factoring finance facility
5)
Efficient handling of all your invoicing
A factoring company will run a very efficient sales ledger for
you. It will provide a professional service that treats your customers
as if they were our own.
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The
benefits of factoring
