Factoring Finance
In the UK, factoring is widely regarded as an appropriate form of finance for ambitious Small and Medium Enterprise businesses embarking on rapid growth. If you are seeking a facility that will grow with your sales, without any of the restrictions of a traditional overdraft, then factoring could be the ideal finance solution. Factoring provides an injection of cash against the value of a company’s invoices within 24 hours. It also frees up management time significantly, eliminating the burden of running the sales ledger and credit management functions. Sales ledger administration, credit management and efficient debt collections services can be tailored to suit your individual business requirements.
Factoring finance allows you to:
- raise immediate cash against your invoices
- reduce the pressure on your cash flow
- link funding to sales so that your business growth is not restricted
- eliminate time and money spent on credit control and debt collection
- concentrate on your core business without distraction
- reduce average debtor days, helping to improve profitability
- reduce bad debts
For more information on factoring visit: www.statesecurities.plc.uk