UK Online Business 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.
UK Online Business Account Receivable Factoring is offered by only a few factoring companies, this is a full UK Online Business 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 UK Online Business Account Receivable factoring facility (usually up to 85% of the invoice value), with the remainder available when the customer pays.
There are two main costs associated with a UK Online Business Account Receivable factoring facility:
UK Online Business 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.
UK Online Business 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.
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 UK Online Business Account Receivable Factoring Deal
UK Business and Commercial Account Receivable Factoring:
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Account Receivable Factoring