Factoring
Invoice Discounting
Confidential Discounting
Non Recourse
Bad Debt Protection
Export Finance
FACTORING FREE QUOTATION SEARCH
If you are looking for quotations and prices for factoring we can help. We offer a free, independent, no obligation quotation search service.
Complete an: ONLINE INVOICE
FINANCE
QUOTATION SEARCH REQUEST
We can normally save you money on quotations that you have received elsewhere or on the cost of your existing factoring facilities by finding you a provider that will meet your requirements for service quality.
WHAT IS FACTORING?
Debtor factoring is a
financial product (facility) and a form of invoice finance. It is a
working capital solution whereby a factoring company (also known as a factor)
will provide you, their client, with up to 95% (this can be 100% in some cases)
of the value of your outstanding sales invoices (also known as accounts
receivables, or your sales ledger) e.g. with outstanding unpaid sales invoices
of £120,000 an early payment of 95% could release an initial cash injection of
over £100,000. This releases working capital that will improve the cash flow of
your business enabling you to pay your creditors and use that cash for expansion
and growth. In some cases overpayments in excess of that value can be provided.
The factor will then continue to provide you with up to 95% of the value of new
sales invoices, normally within 24 hours of you raising them. The other 5% of
the value of your sales invoices is passed onto you when the customer (also
known as a debtor) pays. In addition, the factoring company can undertake
the task of chasing and collecting your outstanding unpaid debtor
sales invoices, saving you time and money.
If you are concerned about bad debts, we can introduce you to a factors that
will also provide you with up to 100%
bad debt protection.
For information about the cost of factoring please contact us:
Call us on: 01892 785947
or email:
info@tradespring.co.uk
For further information about releasing cash with factoring follow this link - What is Factoring?
Read an article about "The Benefits of Using a Factoring Service"
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