Small Business Receivable Factoring is an extremely flexible form of finance, 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. |
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Small Business Receivable Factoring is an extremely flexible form of finance, which grows in line with the growth of the business. Sales invoices are forwarded to the Small Business 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 Small Business 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.
Small Business Receivable Factoring can be used to generate funding in a number of situations:
There are two main costs associated with a Small Business receivable factoring facility:
Small Business 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.
Small Business 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.
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Factoring or Invoice Discounting Deal
Further Small Business services offered by Sales Ledger Finance:
Sterling Capital Reserve are specialists in all forms of Small Business Factoring for helping with Small Business Invoice finance and Small Business Invoice Sales Ledger Finance. This service is split into Small Business Receivable Factoring, Small Business Account Receivable Factoring, Small Business Confidential Factoring and Small Business Debt Factoring.
Sales Ledger Finance also covers Small Business Sales Ledger Finance, Small Business Invoice Discounting, Small Business Receivable Finance and Small Business Invoice Factoring. If dealing with the trade then Sterling offer Small Business Trade Finance
Sterling Capital Reserve also offers associated commercial and business products: Commercial Asset Finance and Commercial Mortgages
UK Business and Commercial Receivable Factoring:
UK Business Receivable Factoring | UK Commercial Receivable Factoring | UK Online Business Receivable Factoring | Poor Credit Commercial Receivable Factoring | Adverse Credit Commercial Receivable Factoring | Non Status Receivable Factoring | Small Business Receivable Factoring | Best Value Commercial Receivable Factoring | Bad Credit Commercial Receivable Factoring | Competitive Commercial Receivable Factoring
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Factoring or Invoice Discounting Deal.
