UK
finance and Leasing are leading factoring brokers. We help provide
our customers with funding/cash flow that is locked in sales
ledger. Factoring brokers can give you an immediate injection
of capital into the business and factoring is an on going source
of funding.
As factoring
brokers we have noticed that the companies that benefit the
most from factoring are small to medium sized businesses.
When we have found the right factoring company for you and
your business, that company will then manage your sales ledger,
leaving you to concentrate on your business without the distraction
of debt collection.
Being factoring
brokers we deal with many different factoring companies so
we are able to offer an individual service and find you the
right factoring company for you and your company. Factoring
gives you the opportunity to rise up to 90% of your invoices
and is usually available within 24 hours.
As factoring
brokers we are able to offer you two different payment methods
when it comes to factoring. The first type: Cost of money,
that you use, which can be very cost effective when compared
to other forms of finance. The interest rate charged by banks
on overdrafts, generally 1.0%-3.5% above bank base rates.
The other form of payment is service fee. This is prearranged
and is usually related to the turnover of the business, usually
0.5%-3.5%.
Being
factoring brokers we understand that factoring is not for
everyone, we feel factoring is suitable for businesses that
are; start-ups, small to medium sized, sole traders, partnerships
and limited companies, business with poor trading history,
phoenix businesses, contractual and management buyouts/ins.
