Company Performance Metrics
I'm a factoring broker with more than a decade of experience in the factoring industry behind my back. I've worked for a big factoring company and a couple of small ones, before breaking out on my own.
Since it's a very specialized industry, I want to talk briefly about how factoring works. Factoring is an alternative finance
that allows business owners to tap into the value of their unpaid invoices.
Some invoices get paid up to 60 days after the service is complete. In the meantime, the business needs to support expenditures from its own reserves. The work force, building rent, utilities, loans, stock, materials, etc need to be paid or the company will go into stagnation and have to cancel new orders until more money is available. Factoring and it’s variations like invoice discounting, help solve that problem by using the unpaid invoice as a tradable asset, which can be sold or lent against. Factoring companies can either buy these invoices for a reduced price, but transfer funds within a few days, or lend money using them as a guarantee and then discount their interest when the invoice is paid.
What my job is I examine your company, and analyse your financial situation. Most businesses differ greatly from one another even in their own niche. Then the broker (me) would suggest а list of vetted factoring companies, who can provide the best funding conditions for that unique business. Finally, you will receive assistance throughout your negotiations with the factoring company, to get the most out of your deal.
If you’re interested in factoring, please find me at our website - Factoring Solutions - http://www.factoringsolutions.co.uk/, or call 01827 707680 for FREE advice. We’re independent factoring brokers with high morale and business ethics. With more than 40 years of combined experience in the industry, we know which factoring companies deliver on their promises and which do not.
