Invoice Finance
Invoice Discounting in Yorkshire & the North-East
Invoice Discounting/Factoring
Invoice Discounting and Factoring are both flexible methods of improving your cash-flow by releasing monies tied up in your sales ledger. Up to 90% of the invoiced value of your goods or services provided is available. Unlike bank overdraft and loan facilities, the finance available to you grows in line with your sales, and is not limited to the fixed asset security you have to offer. It is now widely used & competitive terns are available.
Key Features : Invoice Discounting
- Funding up to 80% (90% for blue-chip, well-spread customer-base)
- Usually confidential - your customers do not know you are discounting.
- You retain control of and responsibility for your sales ledger administration.
- Suitable for well-established profitable businesses with good net-worth
- Frequently available as part of an integrated asset finance package, including stock and plant / machinery finance alongside property term loan / mortgage.
Key Features : Factoring
- Funding up to 80% (90% for blue-chip, well-spread customer-base)
- Usually disclosed - your customers know you are factoring (There used to be a stigma here but this is no longer the case. Factoring has become a dynamic business.)
- Sales Ledger administration usually undertaken by the lender, issuing statements to your customers & chasing outstanding payments
- Ideally suited to new-start companies, smaller businesses, uneven trading results or where rapid sales growth is being experienced
Contact Us
If you have a proposal you would like to discuss, please contact us on 08452 632 104 or by email at phil@bentleyassociates.net, and we will be more than happy to talk through your query.
Remember, if you are in need of commercial financing in Yorkshire or any of the other expert services we provide, contact us today!