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Invoice factoring (3)

It has always been said that the biggest problem that any business will face is getting cash out of their customers. Most SME’S will go bust because of inefficient cash flow. Can a business really rely on its customers paying within the normal 30 day credit terms. Probably not.  And is it really wise relying on a bank overdraft which will be capped depending on the level of security available. In addition a bank overdraft can be withdrawn at a moments notice and is potentially always repayable on demand! Invoice factoring will provide a evolving credit facility for up to 90 days against 80 – 90% of your unpaid invoices.

Invoice factoring is a form of cash flow facility which includes factoring with credit control, invoice discounting and confidential invoice discounting. An asset based invoice factoring company may also provide stock and asset based finance. These forms of cash flow products will grow with your business and provide far more working capital than any bank overdraft will be able to provide. Which type of facility is best for your particular requirements depends on how long your business has been trading, the number and the quality of your invoices, the location of your business, if you require credit control and whether your business is profitable or not!

In addition there are over 50 factoring and invoice discounting companies all offer similar products and services. By asking a few simple questions XL Business Finance can  narrow the funders to two or three of the ones most suitable for funding your business. We have over 10 years of experience in helping many requirements with their own particular and unique set of circumstances. The good news is that this will not cost you a penny. Our service is absolutely free!  Please feel free to give the Managing Director Mark Redman a call on 07748 635 206 to find how we can help you.

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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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