Invoice Discounting and Factoring : Introduction
Invoice Discounting and Factoring are a means of improving your cashflow by obtaining funds secured on the strength of your sales ledger debts. In simple terms you will be loaned money against sales invoices before your customers have paid you, and you will repay the money to the loan company when your customers clear their debts.
Cash is King
More than ever before, the current financial climate means that “cash is King” and a fluid cashflow will allow you to trade more effectively and negotiate better deals with suppliers.
How long does it take you to get paid?
The average time taken for UK businesses is to get paid is 67 days. With Invoice Discounting or Factoring, you get up to 90% of each invoice value paid into your bank account immediately.
Best advice at all times
As experienced business people we know that you’ll be looking for a cashflow solution which satisfies both your immediate needs and your long term plans and goals. Speak to us today and we can offer immediate advice and take the first steps to getting your cashflow and your business moving.