FINANCE
Working Capital Specialists
Factor 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 Factor Companies change their parameters and Factor deals previously taken 'as read' are no longer so certain, with Factor terms of engagement being changed on a regular basis, creating plenty of unforeseen hassle for busy Management.
Our access to many different Factor funders means we aim to remove these Factor uncertainties, give you peace-of-mind, and a good solution to your Factor needs. Our Factor 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 Factor within 48 hours with the use of Factor. The Factor balance is available, less a small administration charge, when your customer pays the Factor Company.
A dedicated Factor sales ledger and credit management
service is also provided with the Factor service.
Working to your instructions the Factor Company collects invoices, payments, issues statements etc but ensures good customer relationships are maintained.
Benefits of Factor: your business gains access to an on-going source of funds that is linked directly to sales and so a smooth cashflow is assured. Factor can improve profitability as the business can pay suppliers earlier, buy in larger quantities and also take advantage of discounts that are available.
Factor is more flexible than other forms of finance because as your business grows and your sales increase, you can borrow more from the Factor Company.
If you are looking for a cost effective flexible way to raise money for your growing business Factor should be strongly considered.
How much working capital could be released by Factor?
Enter your current sales ledger value and your overdraft limit to calculate the potential cashflow benefit of Factor. Unleash your businesses potential!
| Your Existing Overdraft | Your Outstanding Debtors | Invoice Finance Advance % | Extra Working Capital | ||
|---|---|---|---|---|---|
|
Full Service Factor provides a complete out sourced credit management solution. Businesses using a Factor facility save costs on staff, postage, stationery, telephone calls and, most importantly, valuable management time can be used more productively.
No Obligation Quote
View Sample Quote
