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