Working capital is the life blood of every business and the factoring industry is now the preffered supplier of working capital to over 40,000 businesses in the UK. So what is Invoice Discounting and Factoring Finance?
Factoring has replaced the traditional business overdraft and whereas there are a small number of High Street Banks in the UK there are over 30 established factoring companies - including RBS Invoice Finance, Lloyds TSB Commercial Finance, ABN Amro Commercial Finance and BNP Paribas Commercial Finance, to name a few - who between them are able to offer a solution to virtually every proposal that might be put to them. This gives the prospective customer considerable choice however, if you do not know exactly what you are looking for this choice can turn out to be a minefield.
All factoring companies will present themselves very well and often offer you a solution. But it is easy to find yourself signed up to and locked into a facility not entirely suited to your individual company. Using FindmeaFactor.com enables you to ensure that your business will be placed with the most suitable factor offering the appropriate level of service and most favourable terms for your business.