Invoice Financing – A Guide
- 22/09/04
Is lack of cash flow holding your business
back? Do you waste too much time chasing
payment? Have you recently suffered a
bad debt? If your business trades with
other businesses on credit terms our services
could help. We can provide finance to
speed up your cash flow, save you the
time you currently spend chasing payment,
and protect you from the risk of bad debt.
Here’s how Invoice Financing or
Factoring works…
Step 1
You provide the goods/services to your
customer and invoice them.
Step 2
You send the invoice details to your invoice
financing provider (factoring provider),
either electronically or by post.
Step 3
They make available up to 85% of the value
by the next working day.
Step 4
Either your own credit controller or,
if you use credit management services
the lender may offer, carries out the
collections procedure.
Step 5
When your customer pays, the balance of
the invoice will also be made available.
Visit our cash
flow section for a quote for your
Invoice Financing needs.
Written By Simon Johnson
Xbridge
Decision Finance
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