Accounts Receivable Factoring Company

An Accounts Receivable Factoring company can help you convert your unpaid invoices into cash. This puts money in your bank and improves your cash flow.

An additional benefit of Account Receivable Factoring is that your sales ledger management, credit control and payment collection processes can be managed by the lender. Removing the burden of having to chase payments etc.

How it works

An Accounts Receivable Factoring company can help you set up a funding line which is very easy for you to raise cash. You raise an invoice for your customer in the usual way, and a copy is sent to the Factoring lender.

The Factor immediately pays you between 80% and 95% of the value of the invoice. So if you bill your customer £1,000, you’ll soon see up to £950 in your bank, often within 24 hours.

The Factoring lender chases your customer for payment and when it’s received they hand over the outstanding balance to you, deducting a small service fee. This service can also operate as a confidential service, meaning the lender can chase invoices in your name so your customers needn’t know you use the service.

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Accounts Receivable Factoring Company Benefits

There are many benefits of working with an Account Receivable Factoring company, here are just a few:

  • You get immediate access to the money you’re owed.
  • You’re freed from the administrative overhead of credit control.
  • It’s a very flexible form of lending, allowing you to borrow as much or as little as you need.
  • In addition to improved cash flow you can get business advice that will help you to grow.
  • No assets are typically used to secure the finance.
  • The Account Receivable Factoring process can be operated confidentially, without your customers knowing what’s going on.

Is Account Receivable Factoring right for your business?

Accounts Receivable Factoring is right for you if:

  • Your business is based in the UK, with a turnover in excess of £50,000.
  • The majority of your customers are also UK based businesses.
  • You issues credit invoices with terms of between 30 and 90 days.

Why use Touch Financial?

We’re confident that we can save you time and money when it comes to sourcing the right solution for Accounts Receivable Factoring.

We’re one of the leading online commercial finance brokers and we have decades of experience in helping UK businesses find the right finance package. We work with over 20 of the UK’s top lenders including Lloyds TSB Commercial Finance and the Royal Bank of Scotland.

If you want a quick response why not complete our online quote form. This gives easy access to information at no cost.

If you need help or advice in a hurry then give us a call – our team of experts in Account Receivable Factoring are more than happy to assist.

We know that time is important to you, which is why we’re often able to introduce lenders to customers on the same working day.

We’ve helped thousands of UK businesses, of all shapes and sizes, to find the right Factoring package. What can Touch Financial do for you?

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Every month Touch Financial help businesses improve their cash flow with invoice finance. Request a quote to find out how much extra cash you could raise.

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