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Remember...
"Factoring is as much for the growing company with cash flow problems as it is for well run solvent concerns."
 
 
What are the main benefits of factoring to your business?

1) The provision of finance for growth
2) Immediate finance availability of up to 90% against your invoices.
3) Improved cash flow by releasing working capital to your business.
4) An opportunity to outsource the administration of your sales ledger including the chasing up of overdue accounts.
5) Improved credit control.
6)

Negotiate better terms or discounts with your suppliers
7) Improved working capital allows you to agree better terms with your suppliers.
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Your need for cash flow
Factoring can improve your cash flow by:

Giving immediate access to money owed. You issue and send the factor your invoice and they will pay you that day up to 90% against each invoice.

Outsourcing the management of the sales ledger to the factor and thereby allowing them to improve your collection performance and reduce your debt turn. Plus allowing you more time to sell or run the business.

Supply higher levels of finance than a bank overdraft. For example, If you have an overdraft of £20k but trade debts say of £100k, then a factor could supply from day one up to £90k of working capital.

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