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Buyers and Suppliers have contradictory objectives when it comes to business invoices. Buyers aim to optimise the time they can take to pay their oustanding invoices, while suppliers aim to minimize the timeframe between invoice and payment. Factoring can offer a cashflow finance solution that addresses this conflict using the invoice, which in essence is an illiquid asset for the supplier until payment is received.
Factoring is a revolving credit line that is secured against your sales invoices and offers you a percentage of your outstanding sales invoices within 24 hours.
The factoring service is managed by the bank or factoring companies own specialist teams, reducing your adminstration costs and reducing the risks to your business of bad debts.
If you work with well established buyers, why not use their excellent credit rating to get the best terms with our reverse factoring solutions.
Talk to our experts today on 0845 034 5120 to see how we can help you or Apply Online and get a decision within 24 hours.
0845 034 5120
