What is Factoring?
Factoring is a way of raising money if you have cash flow problems, especialy if you have sent out your invoices for payment and your creditors keep you waiting for up to ninety days for payment.
But with factoring you have your invoices paid straight away which in return relieves your cash flow problems, this can be done on a regular monthly basis.
Will factoring Suit me?
Do you have a cash flow problem because your clients are paying your invoices late?
If your answer is yes! Then you need Factoring.
The beauty of Factoring is that the finance involved is linked directly to your business sales so the more you sell the more you can borrow without having to wait for your clients to pay up.
Any business including Ltd Companies, partnership, sole traders or start ups, with a minimum turnover of £80,000 p.a. can be considered for factoring.
If you are interested and require further information then contact us.