Financial Business Finance
Product
Invoice Financing

First Business Finance Invoice Discounting and Factoring from First Business Finance.

SIMPLE,CLEAR & PAINLESS just how your cash flow
should be

 

Firstly an introduction to INVOICE DISCOUINTING / FACTORING.

Debt Factoring

Debt factoring involves selling your invoices to a third party. In return they will process the invoices and allow you to draw loans against the money owed to your business. Essentially, the factoring companies provide a debt collection and ledger management service.It is commonly used by businesses to improve cashflow but can also be used to reduce administration overheads. Businesses that supply this service are called factors or debt factoring companies.

Invoice Discounting

Invoice discounting is an alternative way of drawing money against your invoices. However, your business retains control over the administration of your sales ledger. As well as providing finance, it offers valuable support services and credit insurance. You collect the debts and do the credit control. See our guide on recovering late payments.Your customers do not usually know about the invoice discounting, although it is sometimes disclosed.Discounters will review the credit history and profit track record of your business.


So why First Business Finance?

Firstly, our service is free to your business
Secondly, we have a vast panel of Factoring companies and Invoice Discounters to introduce you to and they all have their own preferred criteria. It is at this stage that we save you valuable time by only introducing you to companies who can work with your requirements and circumstances.

It is down to First Business Finance to find the best fit for your business.
IS YOUR BANK SQUEEZING YOU ON YOUR OVERDRAFT?
ARE YOU REALLY GETTING THE BEST DEAL WITH YOUR EXISTING FACILITY?
WOULD YOU LIKE A FREE BUSINESS REVIEW?


To find out more please contact First Business Finance:
t. 01634 386 869    e. info@firstbusinessgroup.co.uk

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