FIRSTfactor
FINANCE
0845 643 4611
Working Capital Specialists

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FACTORING & INVOICE DISCOUNTING

FREE with no obligation quotation from the UK's Factoring Experts

Meet our factoring and invoice discounting  experts. We are intermediaries and brokers in Factoring, Invoice Discounting, Business and Trade Finance and have in depth and up-to-date knowledge of the Factoring and Invoice Discounting market.

We enjoy excellent relationships across the whole UK Factoring & Invoice Discounting sector with all providers of Factoring, Invoice Discounting, Selective Factoring and Stock Finance. We cover the whole spectrum from new start's through to the largest PLC's.

The process couldn't be more simple: either phone or register online through our unique Factoring enquiry system. Its FREE and without obligation. We aim to gain a deeper understanding of your requirements and review the ‘next steps’. Once your needs and timescale's are understood and agreed, we start searching for a suitable Factoring funder or Factoring service provider.

SINGLE INVOICE DISCOUNTING

Spot Factoring, also known as selective Factoring

New Selective Factoring and Invoice Discounting ServiceStop Press: New Selective Factoring and Invoice Discounting Service. firstfactoruk.com is pleased to announce there is now a home for Single Invoice Discounting (and single Invoice Factoring). We have specially arranged this service and will suit self-employed professionals or small businesses where the usual costs of setting up Factoring or Invoice Discounting facilities are prohibitive. Selective Invoice Discounting is aimed at individual invoices between 2k to 50k. Simple transparent pricing.

Phone 0845 6434 611 or email tony@firstfactoruk.com to learn more!

COMPARE FACTORING QUOTES FREE. SAVE TIME

Factoring & Invoice Discounting services compared throughout the UK

What’s right for your business? Seeking the right Factoring to Confidential Invoice Discounting partner to help you grow through Factoring, Confidential Invoice Discounting, Trade and Business Finance is time consuming and often filled with uncertainty.

Being the Factoring and Confidential Invoice Discounting specialist intermediary who matches your company’s needs to our panel of Factoring and Confidential Invoice Discounting industry specialists, we can achieve this speedily, simply and straightforwardly. For instance many Factoring and Invoice Discounting companies have differing products and some specialise in specific industry sectors, we save you valuable time by knowing who does what.

Our Team’s many years in the Factoring and Confidential Invoice Discounting industries is yours to benefit from, and every day we are successfully matchmaking! Just use our online search tool and we will start working for YOU.

Factoring and Confidential Invoice Discounting are the key solutions to help you unlock your cashflow. Our unrivalled access to a range of Factoring and Invoice Discounting providers sets us apart and works in your favour.

  • You've built your business........you deserve the credit!

If you are interested to know more about Factoring, Confidential Invoice Discounting or Business Finance, please complete our online Factoring quote form and identify what specific areas are of interest to help you and your business.

WHAT ARE THE BUSINESS BENEFITS OF FACTORING?

Accounts receivable financing is also known as accounts receivable factoring

Factoring your invoices enhances your cash flow and allows you to meet business expenses and take on new opportunities. The benefits of Factoring include:

  • Factoring provides you with predictable cash flow without giving up equity

  • Flexible financing, as your Factoring line is tied to your sales. It’s the ideal tool for growth

  • Factoring lets you concentrate on growing your own business not chasing historical sales

  • Factoring is relatively easy to obtain. Works well with start-ups and established companies alike

  • Factoring lines are easily set-up and usually only take a few days

Factoring is a great facility that provides businesses, especially small businesses in various industries including construction, recruitment, engineering and wholesaling for example with much needed working capital that might be tied up in stock and debtors. If you would rather spend your time making money instead of waiting to get paid, Factoring could be the perfect solution for your business.

THE BENEFITS OF CONFIDENTIAL INVOICE DISCOUNTING?

Invoice Discounting delivers improved cashflow confidentially

The best benefit of Confidential Invoice Discounting is that it provides a quick financing option that is painless and does not involve tying up business assets as collateral.

  • It is confidential Confidential Invoice Discounting its neither equity nor debt, it is a financial solution tailored to meet your specific needs secured against your outstanding sales

  • Confidential Invoice Discounting is quick and simple and grows as your business does

  • Confidential Invoice Discounting allows you to offer better and more competitive credit terms to customers

  • Confidential Invoice Discounting provides your business with a continuous source of working capital allowing you to pay creditors promptly, meet payroll, maintain overhead expenses, pay taxes or simply relieve the financial burden experienced during rapid growth periods

FACTORING, WORKING CAPITAL

Looking for factoring or business finance advice?

Traditionally, Banks have primarily concentrated on historical Profit & Loss Accounts, Balance Sheets and Cash Flows. They look at the credit history of the client company to determine if they can reasonably expect the client to service the debt. Unfortunately, judging a company by their historical performance is often disconnected from potential. Working capital from Factoring or Confidential Invoice Discounting differs from Bank loans in two significant ways. Firstly, Factoring or Confidential Invoice Discounting places emphasis on the value of the outstanding debtor book, not necessarily the firm's credit worthiness or fixed assets. Secondly, as your business grows so does the amount of working capital the Factoring or Confidential Invoice Company advances. The facility grows with you.

With Factoring or Confidential Invoice Discounting, you can usually receive up to 90% of outstanding invoices immediately whereas if you have a Bank loan you receive one fixed amount and then make monthly payments to repay the loan. This may be fine in the short-term to expand sales but what happens when you hit the limit and need to make the monthly repayments?

Alternatively, you could fund your working capital through an overdraft facility but you may encounter the Banks historical evaluation hurdle and not be able to obtain sufficient facility without providing additional security. Factoring and Invoice Discounting Companies decision to purchase outstanding invoices are influenced primarily by the quality of your customer base and their financial stability, and not the financial stability of your company. The more you invoice to credit worth customers the more the Factoring or Confidential Invoicing Company instantly makes available.

As an alternative source of business financing, Factoring and Confidential Invoice Discounting eliminates many of the difficult-to-meet criteria of traditional bank facilities. If you can get a loan or line of credit in today's tight banking market, what are you going to do after you have spent those funds? Typically, you are still going to be waiting for the invoices to be paid to release working capital so you can buy stock, pay wages etc so a new sale can be made. Whereas using Factoring or Invoice Discounting provides working capital to match your increase in sales.

SINGLE DEBTOR FACTORING OR CONFIDENTIAL INVOICE DISCOUNTING

single debtor or if you want to factor particular invoices or transactions

The flexibility of Factoring or Invoice Discounting is great for business but what happens if you have a single invoice or debtor? Conventional Factoring and Confidential Invoice Discounting requires full sales ledgers however, the industry has recognised this is not always possible or required in cases like:

  • Start-up businesses

  • Growing businesses

  • Seasonal businesses

  • Businesses with temporary over-leveraged balance sheet

  • Businesses experiencing insufficient collateral

  • Businesses with unpredictable cash flow

  • Acquisition/buyout situation

Single Invoice Finance or “Spot Factoring” is reasonably new in the UK but it is a well-practiced service in America. Its popularity has grown enormously fed, by the products flexibility. This type of Factoring or Confidential Invoice Discounting is best suited for businesses requiring working capital for a specific period or project.

Businesses can enjoy greater financial flexibility picking and choosing which invoices to Factor or Discount. Typically, there are no clauses that lock the customer into term contracts. Customers can agree to Factor or Discount as little or as many invoices as they like. The facility can be started and stopped as often as required. Single invoice Factoring can also be completely confidential, your customers remain unaware that the service is being used. The relationship with the customer remains your responsibility.

Building a relationship with a Factoring or Confidential Invoice Discounting Company can be extremely useful and provide businesses with elasticity and flexibility to meet expected or unexpected challenges. For instance with new start companies, Factoring Companies often do not mind if the company is not yet fully established or has not yet produced a consistent track record of profitability. They use the strength of the customers to get you the working capital you need.

Setting up a single Invoice Finance or “Spot Factoring” facility can be a great way of experiencing Invoice Financing

There is nothing complex about Factoring or Confidential Invoice Discounting. They are simply services designed to ease the traditional problems of selling on open account.

TRUSTED FACTORING BROKER BACKED BY EXPERIENCE

UK's leading invoice finance broker, specialising in factoring

It takes working capital to grow and succeed in today's economy. Without access to working capital, your company is at a distinct disadvantage. Why limit your opportunities when there is a simple solution? One popular way to increase cash flow without a loan is Factoring or Confidential Invoice Discounting.

We often sense, business owners becoming confused, frustrated or just want to be reassured about the intricacies of Factoring or Confidential Invoice Discounting or they just want to double check they are getting a great deal. Our role is to simplify Factoring or Confidential Invoice Discounting solutions and demonstrate what a valuable tool Factoring or Confidential Invoice Discounting plays in growing your business.

Flexibility is the key ingredient to why Factoring or Confidential Invoice Discounting will help your business. We can help you obtain the right Factoring or Confidential Invoice Discounting financing that meets your company needs by first listening to your aspirations. Understanding what it is you are trying to achieve. We then use our experience of the Factoring and Confidential Invoice Discounting industry to obtain the best facility match.

Look around our Factoring and Confidential Invoice Discounting website or contact us if you have any questions. We think that once you have weighed up the positives and negatives of Factoring and Confidential Invoice Discounting over traditional Bank financing you will see how we can make the Factoring and Confidential Invoice Discounting process simple.