Answering your questions about Factoring
Factoring allows your business to release cash against your outstanding customer invoices before they’ve been paid.
Factoring is the right funding option for you if you are trading with your customers on credit terms, and you require working capital to fund these credit terms while waiting for payments to come in. In addition you will enjoy the benefits of outsourcing your sales ledger administration and collection services while you focus on doing your business.
No. Your invoices are your assets, so you don’t have to provide any additional security to secure your funding.
When bringing you onboard we will work with you to make sure the funding you get is exactly what you need. We work flexibly, from the point of meeting you to understand your needs. Generally, we can set up a facility in a matter of days, however this depends on the speed in which we can access the information we need and how complex your business situation is.
You can call us to have an initial confidential discussion with one of our Business Development Manager or to arrange a meeting. Once we understand your specific requirements, then we can provide an indicative offer to you. Following a new business review and consideration by our credit committee we can make a credit offer to you.
The cost will depend on the services you wish to use as part of any agreement. If you would like to get a quote, simply fill in our short form and we’ll send you the information you need.
Yes, we strive to support any kind of B2B businesses regardless they are in goods or services trading. We are specialised in sectors of Recruitment Outsourcing, Logistics and Business Services.
Releases cash flow tied up in outstanding invoices
We don’t just fund a business, we believe in it
Our local business development managers are on hand to help