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Factoring & Invoice Discounting

Everyday you hear people talking about cash flow pressures, late payments and being owed significant sums of money.

Releasing the money owed to you via factoring or invoice discounting could ease your own pressures and in some cases be the key to your own expansion.

If you had 80% of the money owed to you today, what could you do? Negotiate better terms with suppliers, buy more stock, produce a deposit for a premises purchase, the list goes on.

For many years these facilities were frowned upon but in many cases they have been the life blood to business expansion rather than contraction.

In a recent example, a reasonable sized company gained a new contract to supply goods, the new contact came with terms of payment at 90 days. Their current business worked on 45 days. Existing suppliers wouldn’t move from being paid at 60 days so factoring the new contract was the ideal situation.