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Confidential Factoring

It goes without saying that  invoice discounting is the preferred option when it comes  to a confidential cash flow finance facility. Although factoring traditionally provides credit control, it  is provided on a disclosed basis therefore your customers are aware of your facility. Invoice discounting is perceived as a bigger risk therefore businesses must normaly be well established and profitable to be considred for such a facility. More worryingly in the current credit crunch/recession banks are transferring customers from invoice discounting to factoring facilities or asking them to move away from the bank completely. It is very difficult to get get invoice discounting for businessses which maybe are experiencing tough trading conditions. However confidential factoring may be a half way house. A dedicated credit controller chases the debt in the name of the client and monies are paid to a trust account. This is a very specilaist area and not all finance companies can offer this facility

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XL Business Finance Ltd is a privately owned and independent business financing company with established links to many of the UK's leading finance houses. XL Business Finance provides a viable alternative to high street banks that lack the flexibility and imagination to provide a solution to most business users requirements. XL Business Finance can provide a full range of business financing solutions and we ensure a high level of customer service and pride ourselves on quick decisions. Our independent status will ensure any offer of funding and asset finance leasing is best suited to our customer’s needs.

XL Business Finance, Eaton Place Business Centre, 114 Washway Road, Sale, Cheshire M33 7RF UK.

 

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