Adverse Credit Commercial Account Receivable Factoring
Adverse Credit Commercial Account Receivable Factoring which grows in line with the growth of the business.
With considerable experience in the Sales Ledger Finance industry, and links with most of the sales ledger finance providers in the UK, Sterling Capital reserve are able to find the right facilities for our clients.
Choosing the right facility and the right factor for your business can be a daunting and time consuming task.
Adverse Credit Commercial Account Receivable Factoring is offered by only a few factoring companies, this is a full Adverse Credit Commercial Account Receivable factoring facility, with the credit control being operated by a credit controller employed by the factor at the factor’s premises.
Sales ledger management is undertaken in the client’s name, with customers being totally unaware of any third party involvement.
All correspondence is generated on the client’s stationery.
Funds are advanced against sales invoices in the same manner as a standard Adverse Credit Commercial Account Receivable factoring facility (usually up to 85% of the invoice value), with the remainder available when the customer pays.
Costs
There are two main costs associated with a Adverse Credit Commercial Account Receivable factoring facility:
Adverse Credit Commercial Account Receivable Factoring 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.
Adverse Credit Commercial Account Receivable Factoring 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.
Enquire Online
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0844 4144 378 and let our professional team find you a competitive Adverse Credit Commercial Account Receivable Factoring Deal
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Sterling Capital Reserve Ltd
Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550
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