Factoring is a way of getting finance without tangible collateral by assigning specific debtors in favour of the Factoring Company on open account term.
The client obtains funding against invoices immediately from the factor, usually up to 80% of value of the invoice.
This improves cash flow of the Company.
Factoring not only finances but also offers collection and sales ledger administration, credit protection and advisory services.
Benefits of Factoring
- Meet payroll and operating expenses.
- Provide good service to your customers and fulfill orders.
- Take advantage of expansion opportunities.