Factoring Companies Target Market

If you are considering Factoring ever wondered what banks consider their target market?

  • Manufacturing, distribution, wholesale and service sectors
  • Turnover in excess of £150K (actual or projected).
  • Limited entities, Sole Trader, Partnership, MBO’s, MBI’s, acquisitions and mergers
  • Rapidly increasing turnover
  • Where debtor monies are proving more difficult to collect
  • Firms unwilling or unable to provide security
  • Where Bank has a security shortfall
  • Cash flow is tight, or where bad debt is evident
  • Selling on open credit to export markets
  • Good spread of Debtors

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Factoring, in one form or another, has been around for thousands of years. Factoring releases the funds locked up in outstanding sales invoices, is a sure-fire way to turn your outstanding debtors into cash. Factoring is frequently used by businesses to improve cash flow. It can also be used to decrease administration expenses.
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