Factoring

If you've got lots of cash tied up in your sales ledger, factoring can give you fast, flexible access to it. Factoring can be used to fund growth or give your business the working capital you need.

• Factoring can release up to 95% of the value of your invoices within 24 hours of an invoice being raised
• Debt recovery litigation services available if required
• We run your sales ledger and credit management
• With factoring you get more funds than are usually available from a traditional business overdraft
• Online access to key data to help you manage your cashflow
• Bad debt protection available

How does Factoring work?

We handle the collection of invoices on your behalf and help with the management of your sales ledger. With factoring you receive up to 95% of the value of approved invoices within 24 hours of an invoice being raised and on payment of the invoice, we release the outstanding amount.

Is Factoring fight for you?

Ideally you'll be forecasting credit sales of at least £100,000 per year with a good spread of debtors (minimum 5) to benefit from this factoring service. You'll be selling goods or services on normal credit terms, in sterling or euros, with no stage payments or contractual sales. Factoring is suitable for a wide range of businesses invoicing on credit terms, including:

• Distributors
• Manufacturers and Wholesalers
• Business Services
• Retailing

Import and Export Factoring

We also offer Import and Export Factoring, a similar service but based on overseas sales.

Find out more about our products and services and contact us on 01342 301784 or email.

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