Is your company new and without a credit history? Are you undercapitalised, or a business with high seasonal demands? Have you decided to purchase the interest of a partner, add a new product line or simply expand existing operations? If the answer is yes to any of these questions, invoice finance may be the answer. Fortunately, banks are not the only source of working capital. Money can be obtained quickly through accounts receivable invoice finance where an ongoing line of credit can easily be established.
Invoice finance is a way to increase sales. Most companies cannot afford to carry many customers who pay their invoices much beyond 60/90 days. Ever been forced to turndown profitable orders because of slow-paying customers or had to offer early settlement discounts cutting your margin.
Factoring goes hand in hand with your financial planning the more you invoice to credit worthy customers the more is made available. It gives you some predictability in your month-to-month financial situations.
Enter your current sales ledger value and your overdraft limit to calculate the potential cashflow benefit of factoring or invoice discounting. Unleash your businesses potential!
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