Is my business suitable for factoring?
If your business sells on trade
credit terms to other businesses, the answer is probably yes! Sales
can be UK or export.
Factoring is the raising of
funds against your debtor book combined with sales ledger
management.
Invoice discounting is the
raising of funds against your debtor book, whilst you maintain
control of the sales ledger management. Invoice discounting tends to
be more suitable for established businesses with a healthy balance
sheet.
In addition to established
trading businesses, we have assisted clients in the following
situations:
- New Starts
- Low turnover (£50K+)
- CCJs
- Phoenixs
- MBO/MBI
- Construction
- Single debtor / High
concentrations
- Declined by another factor
If your business is already
factoring, are you getting the best deal? Please contact us and we
will be happy to investigate.
Contact us today and let us
help you to find the right invoice finance provider.
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