Credit control, sorted – with Factoring

Factoring finance gives you fast access to the funds your customers owe you - with the added benefit of a full credit control service.

You get the funds you need, without the headache of chasing payments. And because we'll tailor our service around your particular requirements, you get the funding that's right for your business.

 

Debt factoring explained

We'll advance up to 85% of the value of approved invoices - and advance against new invoices by the next working day. You get more funds than you would from a traditional overdraft, with no delays.

 

Full credit control

No more chasing payments. Our experienced credit control team will take care of every aspect of your debt collection, leaving you free to focus on running your business.

 

Key highlights:

• Access up to 85% of the value of approved invoices
• View sales ledger status and electronic payment requests online
• More available funding than traditional overdrafts
• Less admin - we'll run credit checks, issue statements and provide collection services
• Debt recovery litigation services
• Credit protection if you need it

 

Typical businesses we help include:

• Distributors
• Printers
• Business services providers
• Manufacturers and wholesalers
• Transport firms
• Employment agencies
• Engineering

 

Is factoring right for you?

Invoice factoring isn't the best option for every business. Consider it if your business:

• Forecasts credit sales of at least £100,000 a year
• Has a spread of debtors, including some overseas customers
• Sells goods or services on normal credit terms, with no stage payments.

 

To find out how factoring could work for your business, talk to us on 0800 021 7040.