Factoring & Credit Insurance - Quick Question
Wed, 03/11/2009 - 21:23
Couple of quick questions - any help would be greatly appreciated.
Firstly, what percentage of overseas sales would you consider for arranging a factoring or invoice discounting line?
Secondly, would you be able to help me arrange credit insurance?
All the best,
Thomas Clarke
Hi Thomas,
In short the answer to your questions are yes to both.
Overseas Activity
The European markets are very much open for business particularly in an economic climate which sees the value of the £ weak against other currencies. It is fair to say that lenders appetite for export business remains strong. We would expect to be able to place referrals to lenders up to 80% export. However, this very much will depend on outside factors such as, the strength of the business/customer, nature of the debt, if credit protection is included etc.
Credit Insurance
Yes – we have a panel of credit insurance companies which can either be offered as standalone facilities. Or we can package facilities with lenders who will include credit protection within Invoice Finance facilities if required.
I hope this answers your questions. If you have more queries please feel free to give me a call on 0845 388 9725.
Katerina.