Factoring Service
A factoring service is also known as invoice factoring. A factoring company will turn your unpaid invoices into cash quickly, and then chase the money for you. They will typically release between 80-90% of the value of your unpaid invoices.
A factoring service enables continuing business growth meaning you don’t have to wait for a customer pay their invoices. In order for a business to succeed you have to be able to cover your overheads such as staff, equipment and premises rent. That is very difficult to do when some customers pay late. Touch Financial can find a lender offering a factoring service that can also manage your sales ledger, credit control and even collect payment from your customers, so you don’t have to.
How much cash could you release from your unpaid invoices? Get a quote online now >>
Benefits of using a Factoring Service?
- Your business growth will not depend on when a customer can pay the invoice. You can cover your overheads independently of when your business is paid by your customer.
- You don’t need to secure any lending against your assets.
- Factoring service is flexible which means you can borrow as much as you like.
- A factoring service in place will mean you won’t have to utilize your time and resources in collecting payment from your customers
- A factoring service will be discreet and maintain confidentiality so your customers needn’t know you use it.
How can Touch Financial help your business?
If you’re looking for a factoring broker with the know-how when it comes to factoring services, then you’ve come to the right place. Combined we have over 60 years experience in the field so are sure to be able to find you the best deal with the most suitable lender.
Touch Financial have access to 20 factoring companies across the UK and can get you the best deal quickly and efficiently. By using a factoring broker such as ourselves you can save time and money.
We have helped hundreds of businesses get the factoring service that’s right for them. We can help you find yours. Touch Financial know how to speak the lingo that gets the factoring company working for you, and speaks to you in plain English so you know just how things are progressing.
Contact Touch Financial today and one of our consultants will be happy to offer you impartial advice without charge!
Alternatively Touch Financial allow you to compare quotes instantly online so you can get answers quickly and easily without even having to pick up the phone.
How much cash could you release from your unpaid invoices? Get a quote online now >>
Also in this section:
- Overview of invoice factoring
- Factoring UK – Who ‘s in the loop and why
- How to find the best factoring quotes
- Benefits of a factoring service
- Factoring invoices is beneficial for young businesses
- The benefits of using business factoring
- Understanding a factoring service
