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What is Factoring? |
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The word factoring is used here to cover a range of associated products where finance is provided against the security of trade debts.
Normally as an invoice is raised a copy will be sent to a factor who will then fund upto 85% against the invoice in advance of the customer paying. The remainder will become payable either on a maturity date or when the customer pays. As the invoice is assigned to the factor payment by the customer will be direct to the factor.
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Factoring Articles |
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| Factoring Services |
| 12 April 2005 |
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| What is factoring and how does it work? What are the benefits and what are the costs? How will factoring benefit my business? What do I need to do to get a factoring facility? Will it allow my business to grow by improving my cash flow? |
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| Invoice Factoring |
| 03 January 2003 |
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| A brief explanation of invoice factoring highlighting how it can improve cash flow by releasing working capital tied up in the sales ledger. |
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Is Factoring for me? |
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Find out more on how factoring can help a business to expand and when it should be used and how much does it cost.
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More Information >
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