FINANCE
Working Capital Specialists
Credit 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 Credit Factoring Companies change their parameters and Credit Factoring deals previously taken 'as read' are no longer so certain, with Credit Factoring terms of engagement being changed on a regular basis, creating plenty of unforeseen hassle for busy Management.
Our access to many different Credit Factoring funders means we aim to remove these Credit Factoring uncertainties, give you peace-of-mind, and a good solution to your Credit Factoring needs. Our Credit Factoring advisory is FREE and without obligation. "
Tony Platts, Managing Director
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 Credit Factoring within 48 hours with the use of Credit Factoring. The Credit Factoring balance is available, less a small administration charge, when your customer pays the Credit Factoring Company.
A dedicated Credit Factoring sales ledger and credit management
service is also provided with the Credit Factoring service.
Working to your instructions the Credit Factoring Company collects invoices, payments, issues statements etc but ensures good customer relationships are maintained.
Benefits of Credit 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. Credit Factoring can improve profitability as the business can pay suppliers earlier, buy in larger quantities and also take advantage of discounts that are available.
Credit Factoring is more flexible than other forms of finance because as your business grows and your sales increase, you can borrow more from the Credit Factoring Company.
If you are looking for a cost effective flexible way to raise money for your growing business Credit Factoring should be strongly considered.
How much working capital could be released by Credit Factoring?
Enter your current sales ledger value and your overdraft limit to calculate the potential cashflow benefit of Credit Factoring. Unleash your businesses potential!
| Your Existing Overdraft | Your Outstanding Debtors | Invoice Finance Advance % | Extra Working Capital | ||
|---|---|---|---|---|---|
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Full Service Credit Factoring provides a complete out sourced credit management solution. Businesses using a Credit 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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