When cash flow is critical, factoring or invoice discounting can really make sense. Factoring and invoice discounting involve a specialist invoice finance provider ‘purchasing’ your sales ledger and in return providing you with immediate cash against your invoices. Both of these arrangements have significant benefits compared to bank overdraft funding, and as banks become increasingly unwilling to offer
overdraft funding in the light of the Brumark case, factoring is fast becoming the only realistic way in which to maximize your cash flow.
Call us today on 0800 019 1822 to find out how factoring can benefit your business.
