Benefits of using a factoring company
• It saves time – the factoring company manages your sales ledger for you.
• When you issue an invoice you will know when it will be paid.
• No long term loan – the loan is repaid each time a client settles their invoice.
• The facility grows with your business so no need to keep increasing your overdraft.
• You have more working capital to put back into your business.
• Factoring is more competitively priced than overdrafts and conventional business loans.