Invoice Factoring

Sometimes businesses can struggle to collect payment from their clients when they need it the most. A form of financing that can help if your business is strapped for cash is invoice factoring. Below are a few ways in which this could benefit your company.

If you’re a small business chasing payment from clients can take up a large part of your day, time that you usually don’t have to spare. When you enlist the help of a factoring company they will take control of your sales ledger and therefore chase and collect payment from your clients.

Applying for invoice factoring does not require a business to fill in vast amounts of paper work and they can usually have the money in their bank within a day or two.

There is no limit with how many invoices you can provide the factoring company with it can be one or fifty it really doesn’t matter.

There are no hidden costs with invoice factoring the company will provide you with around 85% of the total value of the invoices, they will then collect payment from your clients and transfer back any money left over.

There is also no limit on how many times you can enlist the help of an invoice factoring company.

This entry was posted on Wednesday, June 25th, 2014 at 1:16 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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