Unpaid invoices can cause your business major cash flow headaches. Not to mention the time you waste chasing for payment. That’s where factoring could help.
What is factoring?
Factoring is a flexible form of finance that releases money against unpaid sales invoices and gives you full control of your cash flow.
With our factoring solution for recruiters, we will advance you up to 90% of the value of your invoice, within 24 hours of it being raised. You simply submit your invoice to us online. The remaining balance is then made available when customers settle their debts.
The benefits
• Up to 90% of the value of unpaid invoices released within 24 hours.
• Funds available grow in line with your sales.
• Statements and reminder notices sent to customers on your behalf.
• Includes credit checks on new and existing customers for your peace-of-mind.
• Submit invoices online.
• You stay in control of your client relationship at all times.
• You don’t need to use personal assets as security.
• Our Business Charter guarantees our level of service to you.*
Is it suitable for my business?
Factoring is especially suited to new starts, growing businesses and those with insufficient security to attract more traditional lending.
*Terms and Conditions apply, see Business Charter for details
The provision of credit or leasing services by us is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford