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What
is an invoice factoring service?
Factoring considers your outstanding invoices as assets,
releasing the cash for approved debts immediately. You raise
and issue your invoices in the usual way. We advance an
agreed prepayment percentage to you straight away (up to
90%) and pay you the balance, less our fee, on receipt from
your customer. We ensure those invoices are paid to your
terms. |
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What
kind of business does an invoice factoring service suit ?
You offer trade credit terms and have an annual turnover between
£50k and £10 million
You're newly established,
or have been trading for years
You want to remove
the uncertainty and wait between invoicing and receipt
What
else ?
Insurance
against bad debt if a customer
fails to pay.
How
does my business benefit from an invoice factoring service?
Linking immediate cash availability to your sales means your funding
availability grows as you grow
Financial forecasts
can be more accurate
No need to hire specialist
staff or lose sleep over unpaid invoices
Professional collection
of debts enhances your relationship with your customers
Revolving facility
- no annual arrangement fees
Why
use us?
We aim to advance a higher percentage than other lenders, up
to 90%
Speed - quicker debt turnaround
than average
With the widest range
of solutions in the industry, we grow with you
Need an additional loan
but have insufficient assets to meet your bank's criteria - Small
Firms Loan Guarantee Scheme
Click
this link for information on our structured finance services
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Invoice
factoring services