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