New to Factoring?
Business start-ups: If you are just starting up in business and plan on raising invoices for the goods or services you will supply, factoring will be able to help you grow in those important first months and years. One of your biggest challenges will be waiting say 30 to 60 days to get paid for your invoices. This can be particularly challenging if your business is in growth mode and adding customers every day. You can often end up having a lot of money tied up in unpaid invoices but little cash in the bank. Traditional funding methods such as bank overdrafts and loans can be too inflexible to cope with the needs of your new business and anyway, they may involve requirements that are hard (or too costly) for a new business to fulfill. Factoring can provide you with professional credit management that will release valuable time for your business. A factoring company will agree procedures with you and send statements and reminders to your customers of outstanding debts. Beyond this, you at all times remain in control of your customer relationships.
| Established businesses: If you're an established business but are considering invoice finance for the first time it's really important that you give us a call before committing to any arrangement. We'll ensure you get lots of really good advice and can then help you negotiate a factoring or invoice discounting deal if you so wish.
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