| More and more businesses are turning away from the traditional overdraft facility. Cash flow facilities can help you unlock funds which are tied up in unpaid customer invoices.
Cash Flow Variations
Factoring – Factoring provides finance and a comprehensive sales ledger service to growing businesses. The client sells the trade debts of its company to the chosen factoring facility provider, who in turn makes available finance of up to 90% of the value of all approved invoices. The balance, less charges, is paid to the client when their customers pay.
Invoice Discounting – Invoice Discounting differs from factoring in that it can be completely confidential, leaving the client in full control of the sales ledger and the collection of invoice payments from customers.
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