Sometimes in business, it feels like providing a service or product to a customer is just the start of your work rather than the end point. When customers drag their feet in paying your invoices, it can damage your business, make things difficult and waste your time. No one likes chasing their customers for money but they like seeing their cash flow dry up even less. Invoice factoring completely takes these problems off your hands so you can focus on running your business rather than running after customers for payment.
Invoice factoring companies pay a percentage of each invoice you raise immediately and the rest of it when they collect the money from your debtors on your behalf. They do this for a small percentage fee, of course, but it means you get access to money you are owed, keep your cash flow flowing and are saved the time and unpleasantness of chasing payments. Businesses of all types and sizes benefit from this service and we deal with lenders who can accommodate any business that invoices other businesses no matter how small their turnover.
Our competitive finance solutions can help support your business growth. Speak to a member of our team on 01273 961755
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Some invoicing factoring companies only factor all a company’s invoices whereas others offer spot factoring or factoring for small sections of a company’s invoices or even individual invoices. There are also invoice factoring providers who only deal with companies with a turnover above a certain amount and they all charge slightly different percentages. Talk to us about your business and your needs and we can find the best invoice factoring option for you to save you time and money.
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