Corporate Finance

Help Your Client to Improve their cashflow and unlock their debts

Does Your Client Want to Factor their invoices? Free Advice here

In our experience, it’s particularly difficult for a company that is looking to factor its invoices for the first time to get a good deal. Typically your client's will have spoken to a few funders direct (or filled in their online forms!) and they will have been offered lots of different products. It can be a bit of a minefield. How do they know whether the deal you are being offered is competitive or not?

As a professional, you have your client's best interests at heart, Give us a call and have a chat. Tell us about your client's business and what you are trying to achieve. Based on what you tell us and our knowledge of the current market, we’ll put them in direct touch with relevant funders that we know will be the best fit for you and your client.

From a client's perspective, If they are new to factoring, you want to ensure that they get a flexible funding package that won’t tie them up for a long time and that has a flexible pricing structure (so as their business grows and the client gets a track record, the price they pay is reduced because they become less of a risk to the funder).

Many funding companies tend to perceive all businesses that are new to any form of invoice finance as high risk and they charge a premium. This “one suit fits all” approach is unfair and if your client already have some good robust internal credit controls in place, we can often negotiate on their behalf and reduce the costs you may be asked to pay.

In such cases, it may be that factoring may not be the best route and you could consider invoice discounting instead (this is a cheaper form of finance as you are responsible for chasing your debts – so less work for the funder to do).

For a FREE initial no obligation chat complete our contact form or ring FREEPHONE 0800 085 4127

FREE Factoring advice, no fees or commissions to pay