There are several benefits to Business Invoice Factoring.

• Up to 98% of the gross invoice value can be advanced by factoring companies often within a day of the invoices being raised; the balance is then made available to you upon settlement of invoice
• Financial planning is made much easier because you know that the money you earn is in the bank the day after you have earned it!
• Some of our clients arrange early settlement discounts with their customers on the strength of invoice factoring and their customers love them for it!
• Invoice factoring makes funding growth easier.  You can purchase assets for your business, finance contracts and even take on more staff for large projects or during times of growth
• With business factoring financing invoices is easy. You have a dedicated client manager and a professional credit controller who work closely with you and mediate with your customers
• Invoice factoring companies will employ the best credit controllers around so you benefit from a professional credit control function to improve cash collections leaving you to get on with the business of running your own business
• You have the option of affordable Bad Debt Protection with non recourse factoring
• You have access to on-line account management 24/7
• Invoice factoring services give you the flexibility to borrow in line with your sales, without having the traditional barriers and costs associated with banks
• Get rid of your personal liability by eliminating any personal guarantee on bank lending and overdrafts
• With factoring finance, the cash injection offers you the potential opportunities to purchase other businesses or re-structure current borrowings

Filed under:
Invoice Factoring by G.E.T. Invoice Finance