What Is It?
Factoring, also known as cash flow finance, debtor finance and invoice finance, can help improve your cash flow and fund growth by providing an immediate injection of cash against the value of your outstanding invoices.
Then as you raise an invoice, we can release up to 90% of the value of that invoice within 24 hours. The remaining 10% is paid to you, less a small service fee, once we receive payment from your customers.
In addition to the cash we provide, Factoring can also save you valuable management time. We can manage your sales ledger by chasing and collecting outstanding invoice payments on your behalf. We will prepare and send out statements, undertake cash reconciliations and maintain professional and detailed accounts of your transactions so you can get on with what you do best – growing your business.i
The Key Benefits?
With a Factoring facility, your business has access to a reliable, ongoing supply of cash linked to your sales. So as your business grows so does the amount of funding available to you, to meet cash flow challenges and capitalise on new business opportunities. Your funding is always matched to the needs of your business, allowing you to grow, free from cash flow constraints.
Who We Can Help?
If your business is a startup, growing or established and trades on credit terms with other businesses, we can help. If you need to improve cash flow, access additional finance to fund a large new order or purchase vital equipment, or even buy or sell a business, we can tailor a Factoring solution to suit your needs.
How Much Does It Cost?
Our Factoring services are tailored to your business, so the fees will depend upon your specific needs. There are two types of fee. The first is the cost of the money you use, which is extremely competitive when compared with other forms of finance. The second is a service fee.
If you would like to speak with one of our Factoring specialists simply complete our enquiry form.
Alternatively you can call us on 1300 738997,
or email us at [email protected]