Invoice discounting
Factoring provides cash to your business with
no time delay from issuing invoices as well as sales ledger
and collection services.
For many SMEs outstanding invoices are their
largest asset. Most SMEs do not have the resources and information
systems to efficiently collect their outstanding invoices.
Factoring can be a smart alternative to transfer the debt
collection and ledger management to a factor and almost immediately
get cash advances with the issuance of an invoice. The cash
can be used to reduce your own debt or for investments to
grow your business.
The industry - although often unknown - is
quite large (over £60 billion turnover was factored
last year). Factoring companies exist as divisions within
most commercial banks, as divisions of large financial institutions,
as small to mid-sized independently owned companies, and
as services offered by individuals.
CONTACT US by ringing 0207 407 8787 or email
us using the form below.
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