Receivables Factoring
Receivables Factoring: What Are The Options?
We Offer Independent Help, Whatever Your Course Of Action
Receivables factoring (or accounts receivables factoring) refers to the selling accounts receivables or invoices to obtain cash or working capital very quickly for your business.
Receivables factoring is an extremely useful and easy way to turn unpaid invoices into cash, so that effectively you may use the monies tied up in the invoices as a source of funding before the customer has paid. The two main mechanisms are factoring and invoice discounting. Both of these assume that invoices will be converted into cash upon sale to a factoring company, which will charge a small fee for this service.
Another advantage of receivables factoring is that the factor will assume responsibility for collecting the payment as it becomes due, so there is also an aspect of credit control here as well. Also, factoring will not require you to put up another asset as collateral on the transaction, unlike a loan.
Using receivables factoring in this way you will find it possible to do things that it was not otherwise possible to do, because of the enhanced cash flow position which it affords. It is an ideal way for a company to grow bigger quite quickly without the usual constraints.
If you'd like to know more about receivables factoring then make an appointment for a free no-obligation chat. All details are held in the strictest confidence. You'll be so glad you did!
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