Factoring Services
Factoring for start ups and new businesses
Lots of start up businesses experience cash flow management problems in early business growth stages. This often impacts negatively on your business growth. For example, you might find you're spending too much time chasing invoices rather than building the business.
Bank overdrafts and loans often fail to give finance with enough flexibity to start ups and new businesses. Security and guarantees are asked for which can't normally be given by young businesses.
If you're running such a business and decide to use factoring services, take note:
- the factoring service grows in line with your sales growth
- you don't normally have to resort to personal assets as security
- the factor can offer tailor the service to suit your borrowing needs
- take a look at our tips for using factoring services.
Some companies offer a free, no obligation factoring quote.