Factoring

Factoring is an extremely flexible form of finance, which grows in line with the growth of the business.

Sales invoices are forwarded to the factoring company who will immediately advance up to 85% of the invoice value. The balance of funding, less charges, is received once the customer pays.

In addition, the factoring company manages the sales ledger, issues statements, chases the debts, and collects payments from your customers. Should you require, bad debt protection it is also available.

Factoring can be used to generate funding in a number of situations:

Start Up/Phoenix
Management Buy Out
CVA
Business Expansion
Corporate Acquisitions

Costs - There are two main costs associated with a factoring facility:

Service charge:

Expressed as a percentage of turnover (generally between 0.5% and 3%), the actual charge will be determined by the workload involved i.e. the number of customers, the number of invoices raised, etc. There will often be a minimum annual charge imposed.

Discount charge:

This is the cost of borrowing money, expressed as a percentage over bank base rate. The rate charged usually varies between 1.5% and 3.5% over base.

Enquiry Form

Take a fresh look at your Invoice Discounting or Factoring needs.

Use our Online Enquiry Form on the right hand side of this page or Contact Us on 08444 144378 and let our professional team find you a competitive UK Factoring or Invoice Discounting Deal.

Corporate Finance

Commercial Brokerage

Business Turnaround

Sterling Capital Reserve

Funding Services

Sterling Capital Reserve Ltd
Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550

ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
EARLY REPAYMENT CHARGES APPLY. A BROKER FEE MAY APPLY.

Web Design Nottingham by Whatever Enterprises