| Factoring invoices allows you far greater flexibility to | | | | to the way that borrowed money is secured, |
| access your outstanding debts and improve your | | | | factoring frequently allows businesses to borrow |
| cash-flow. This improved cash-flow can be used for | | | | larger amounts of money compared to more |
| any normal business activities such as:Better working | | | | traditional forms of commercial finance such as bank |
| capital (startups and mature businesses) | | | | overdrafts.You will receive advances of funds against |
| Additional sales ledger management | | | | your outstanding sales invoices. You inform your bank |
| Capital intensive projects | | | | or invoice factoring provider electronically or by post |
| Acquisitions | | | | that you have issued an invoice and the factoring |
| Financing rapid growthInvoice Factoring often allows | | | | service will typically provide up to 90% of the value |
| greater access to funding for companies where | | | | of your invoices and can usually be paid out within 24 |
| funding can traditionally be harder to access because | | | | hours of raising them. The remaining debt is |
| of the age of your business or the lack of security | | | | forwarded to you once the debt is settled, less any |
| you can provide. Factoring can be seen as a | | | | finance charges.A key benefit of Invoice Factoring is |
| short-term loan.Invoice factoring is a flexible and | | | | its ability to provide credit management releasing |
| tailored service which allows you to dramatically | | | | valuable time for your business. The factoring |
| improve your cash flow.How does Invoice Factoring | | | | provider will agree procedures with you and send |
| work? | | | | statements and reminders to your customers of |
| Factoring (and invoice discounting, another form of | | | | outstanding debts. Beyond this, you at all times |
| invoice finance) offers most businesses the great | | | | remain in control of your customer relationships. |
| benefit of providing cash against unpaid invoices. Due | | | | |