FINANCE
Working Capital Specialists
Business Factoring could save you money!
"The First Factor Team sees how business owners are having to deal with the uncertainties and changing dynamics of the current climate as Business Factoring Companies change their parameters and Business Factoring deals previously taken 'as read' are no longer so certain, with Business Factoring terms of engagement being changed on a regular basis, creating plenty of unforeseen hassle for busy Management.
Our access to many different Business Factoring funders means we aim to remove these Business Factoring uncertainties, give you peace-of-mind, and a good solution to your Business Factoring needs. Our Business Factoring advisory is FREE and without obligation. "
Tony Platts, Managing Director
Business Factoring releases the funds locked up in sales invoices. A client can typically raise up to 90% of the value of its unpaid invoices with Business Factoring within 48 hours with the use of Business Factoring. The Business Factoring balance is available, less a small administration charge, when your customer pays the Business Factoring Company.
A dedicated Factoring sales ledger and credit management
service is also provided with the Business Factoring service.
Working to your instructions the Business Factoring Company collects invoices, payments, issues statements etc but ensures good customer relationships are maintained.
Benefits of Business Factoring: your business gains access to an on-going source of funds that is linked directly to sales and so a smooth cashflow is assured. Business Factoring can improve profitability as the business can pay suppliers earlier, buy in larger quantities and also take advantage of discounts that are available.
Business Factoring is more flexible than other forms of finance because as your business grows and your sales increase, you can borrow more from the Business Factoring Company.
If you are looking for a cost effective flexible way to raise money for your growing business Business Factoring should be strongly considered.
How much working capital could be released by Business Factoring?
Enter your current sales ledger value and your overdraft limit to calculate the potential cashflow benefit of Business Factoring. Unleash your businesses potential!
| Your Existing Overdraft | Your Outstanding Debtors | Invoice Finance Advance % | Extra Working Capital | ||
|---|---|---|---|---|---|
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Full Service Business Factoring provides a complete out sourced credit management solution. Businesses using a Business Factoring facility save costs on staff, postage, stationery, telephone calls and, most importantly, valuable management time can be used more productively.
No Obligation Quote
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