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