Factoring case history
We
received an enquiry from a company who had decided that
factoring was the route that they
wished to take to finance their
expansion plans and they wished to
proceed quickly. The factoring
company that we introduced them to
visited them on a Tuesday and the facility was signed, sealed
and setup by the following Monday.
A
different enquiry from a new start
company received on a Friday night
said that they had got every aspect
of the new business in place except
the funding and asked whether we
could move quickly. The factoring
company were on his doorstep on the
following Monday morning and
confirmed their offer by fax later
on that day
Invoice
discounting is currently being used
by almost 14,000 companies
generating combined turnovers of
nearly £115 billion and it is this
method of invoice finance that is
experiencing the most growth at the
moment. Our reservations about the
activities of some invoice
discounters are as valid as in
factoring and we would be grateful
if you could click on the link to
see our areas of concern about
invoice discounting
Trade Finance is an area of business funding that co-exists alongside bank overdrafts, factoring and
invoice discounting providing specialist finance to facilitate trade and you
can read more about the types of
facilities that we can arrange by
clicking on the link for
trade finance pages
Factoring Invoices
UK
5 Torridge
Tamworth
Staffs
B77 5QL
Tel : 01827 707680
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