Technology/Functionality

Discover the most frequently asked Factoring questions

Why turn to a factor rather than seek a bank loan?

Many businesses find that  invoice factoring is a much more secure process than entering into a bank loan when it comes to improving cash flow or funding growth. With factoring, you are borrowing money that is already tied up into a business asset, so it provides a means of unlocking money that you already own, but don’t have instant access to. Therefore, there a far fewer risks with a factoring agreement; you’re business isn’t going to be dragged into debt and there is no danger of not being able to meet loan repayments. In addition, a factor can take on all of your invoice administration, bookkeeping and debt collection, freeing up valuable resources and removing the threat of bad debt against the business.

Fill in this form to compare up to 4 quotes:

Discover more Factoring questions :

Technology/Functionality – frequently asked questions :

For more information on Factoring go to our buying guide