INVOICE FACTORING & DISCOUNTING
When you need working capital to start or grow your business, invoice finance improves your cash flow by releasing money held within unpaid invoices. As your turnover increases, your invoice finance grows with you to support any additional working capital you may need.
It means you no loner have to wait the 14 to 120 days you have agreed with your customers before receiving payment, resulting in a far improved cash flow position!
Funds can raised can be advanced for any purpose.
Factoring offers you short term working capital when your business needs it.
Trade customers are made aware that your invoices are with a factoring company and you are given up to 90% advance on invoices, which is released within 24 hours against outstanding trade debtor invoices.
We have direct access to lenders who will monitor and chase the debt.
Factoring is particularly valuable for growing businesses and start-ups, because it helps cash flow, and releases you from the hassle of sending statements and reminder notices.
Benefits of Invoice Financing;