Factoring Money
Factoring Money: What Are The Options?
We Offer Independent Help, Whatever Your Course Of Action
Factoring money - sometimes called invoice discounting - is the selling of your invoices to a factoring company at a small discount in order to raise sometimes large amounts of ready cash and often at very short notice. It is often used to solve cash flow problems once and for all. Their are many advantages over loans and overdrafts, but the chief advantage of factoring money is that you do not have to put up any other assets as security.
Yet you could receive up to 95% or more of the value of your invoices on the day you raise them.
Other advantages of factoring money, other than the ability to get cash very quickly, is that you don't have to collect the debt. This is particularly attractive if you have persistent late-payers and you lack the means of in-house debt collection resources or are hesitant to chase this up yourself. In this case it is the factoring company gets the debt and has to collect it.
You can use factoring to raise cash for any number of business needs, including the longer terms strategy of steady business expansion where help from a bank is either unrealistic or too expensive.
We have 17 years' experience in factoring and related services. If you'd like to know more then make an appointment for a free no-obligation chat. All details are held in the strictest confidence. You'll be so happy you did!
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