Bad Credit Commercial Receivable Factoring
Bad Credit Commercial 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.
Bad Credit Commercial Receivable Factoring which grows in line with the growth of the business. Sales invoices are forwarded to the Bad Credit Commercial receivable 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 Bad Credit Commercial receivable factoring company manages the sales ledger, issues statements, chases the debts, and collects payments from your customers. Should you require, bad debt protection is also available.
Bad Credit Commercial Receivable 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 Bad Credit Commercial receivable factoring facility:
Bad Credit Commercial 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.
Bad Credit Commercial 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 Bad Credit Commercial 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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