Did you know you could use your unpaid invoices as an asset?
Invoice Factoring or Invoice Discounting is a method your business can use to boost your cashflow with your unpaid invoices.
When you issue an invoice it can often take between 30 to 120 days before you actually receive payment. This can be a problem, especially for a small or new business.
If you make use of a factoring service they can pay you the amount invoiced as soon as the order is completed. They then recieve full payment once the invoice is settled by the customer.
As you may expect, there is a small charge for this service but for many businesses it is well worth paying for.
We have been matching firms with factoring companies for years using our broad network of contacts in the industry. If you are interested in our free service why not visit our invoice factoring web page. See if we can help jump start the cashflow of your business today.
Useful Invoice Factoring Links
- Invoice Factoring
- Let us help you set up Invoice Factoring for your business today!
- Invoice Factoring Explained
- Not sure what factoring is? Find out everything you need to know.
- Asset Based Finance
- Use the assets of your company to help finance growth.
What Is Invoice Factoring?
Invoice Factors will buy your trade debts and then collect the amount due from the customer directly. All reputable factors will collect funds in a professional manner, the relationship between you and your customers should remain largely unaffected.In the UK most invoice factors will generally pay 80% to 85% up front against valid invoices. There are some situations though where a higher amount can be arranged, especially if a history of successful transactions exists between the two parties.
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Here at SCL we have been successfully matching firms with factors for a number of years.
Check out our invoice factoring website for more inform...
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