Factoring is where a cash advance is made to a client against the purchase of an accounts receivable by a factor. When the receivable is paid the balance of the receivable less any fees due to the factor is then payable to the client.  Factoring is an effective way for a business to finance growth or to assist in covering working capital needs. With factoring you do not have to give up equity in your business, it does not require putting liens on your personal assets, and factoring is not a loan so you do not go into debt and you do not have monthly payments.  The focus of factoring is on the creditworthiness of your customers rather than your credit.

Factoring boosts your cash flow by providing an immediate advance of cash into your business against the value of your outstanding invoices
 
When you issue an invoice, you are paid up to 90+% of the value of that invoice within 24 hours with the remaining being paid to you, less a small service fee, once we receive payment from your customer.

Your business has access to ongoing cash flow funding linked to your sales so as your business grows so does the amount of funding available to you.

By working with a factor, it can mean a reduction in collection days and improvement in cash flow, valuable managment time can be spent driving business forward.

By making use of a receivables funding facility you can benefit from improved profitability by taking advantage of discounts on bulk purchases and early payments with your suppliers.

Our factoring service provides a flexible supply of working capital giving you the time and resources to increase your business and make more profits.

At no cost, we will provide credit checking service to you to make sure that your customers and potential customers meet credit payment standards.

For more information on factoring please click here.