Equestrian web directory : Kent and Sussex : debt factoring & invoice discounting for business

Factoring & Invoice Discounting

Factoring Advice • www.factoring-advice.co.uk
Free quotation search for factoring & invoice discounting from independent broker.

What is factoring?

Debt factoring is selling your invoices to a third party, i.e. a factoring company.
In return they will process the invoices and allow you to draw early payments in cash against the money owed to your business.

You get cash quickly, and don't have to collect the debt. The factors fee is taken from the value of the invoice. It is commonly used by businesses to improve cashflow and can also be used to save costs by avoiding the need to employ credit controllers.

Businesses that supply this service are called factors or debt factoring companies.

The factoring company gets the debt and has to collect it. They make a profit by paying you less cash than the face value of the invoice.

Which factoring company should I use?

There are many factoring companies who can help. But, which one is the best for you? You could ring around each factor, but that would be very time consuming.

To get the best deal for you, quickly and efficiently, contact an independent broker who specialises in factoring and invoice discounting.

They can give independent advice to help you make that important decision for your business.

Is there a forum for those interested in invoice finance?

There is a great new discussion forum called Cashhound.info that helps all those interested in factoring and invoice discounting. So if you have a finance question, ask the Cashhound today.