Answering your questions
When exporting goods or services to another country the risks involved can increase, especially when you’re looking to get payment.
Export Factoring ensures that you get up to 80% of the payment within 24 hours of invoicing the buyer.
This reduces the risk in waiting for payment ensuring your business has strong cash flow.
Export Factoring can help your businesses grow without having to take on other investments such as equity investment or by taking on additional debt or extending credit facilities with your bank. Export Factoring is generally standalone from your existing bank facilities.
Export Factoring helps you improve your cash flow and take advantage of international opportunities. It can also help you to overcome the complexities of selling goods or services overseas.
No. Your invoices are your assets, so you don’t have to provide any tangible security that banks would ask for, such as property or a deposit to secure your funding.
Bibby Financial Services is a leading independent financial services partner to more than 10,500 businesses worldwide.
Bibby Financial Services is part of Bibby Line Group (BLG), a diverse and forward-looking family owned business with over 200 years’ experience of providing personal, responsive and flexible customer solutions.