Factoring Services
Cash flow is the lifeblood of your business, if it is tied up in unpaid invoices then you don't have access to it to support your business development plans. We have partnered with one of our members to provide you with a range of Factoring Services.If you require assistance with either
Factoringinvolves selling your invoices to a factoring company this way you get cash quickly without having to collect the debt (some value is lost on the invoice) as the factoring company buys the debt from you and collects it for themselves. They make a profit by paying you less cash than the face value of the invoice.
Invoice Discountingis an alternative way of drawing money against your invoices. Instead of a factoring company buying the debt from you your business retains control over the administration of the sales ledger. As well as providing finance it offers valuable support services and credit insurance.
Please Contact Usto arrange for someone to contact you to discuss your requirements in more detail.