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