Invoice Factoring London
The Benefits Of Invoice Factoring
Invoice factoring is, in its most basic form, the purchasing of accounts receivables in return for a percentage of the money that they account for. The company buying the accounts will pay the agreed money to the seller, and then collect the full amount from the payee when the invoices become due. It is a simple and useful way to improve cashflow, but what are the other benefits of factoring?
Sometimes in business you are going to need money quickly. You may have a major supplier to pay, and you don’t want to be late or you might lose any discount you have negotiated with them, for example. Whatever the reason, the invoices you have sent out may simply not be paid in time to help you out. Factoring will give you the money much more quickly so that you can use it a you need to, and solve any potential issues.
Factoring is great for business growth too. It means that business owners can focus on finding new customers rather than chasing the debts of older ones. It also means that credit lines can be extended where needed – to keep loyal customers happy if they need a bit of breathing space – and this won’t affect cash flow. Equally, there will be no issues with supplier payments, meaning that more orders can be placed, and more marketing can be done.
If you had always considered factoring as too expensive to do anything about, you might be surprised when you come to take a good look at the fees involved; they are likely to be a lot lower than you think. It might even be the most affordable way of borrowing money for your business.
Just as factoring is affordable, it is also flexible, which means it really can help a business rather than hinder it. It will depend on which company you are using, but speaking to them to ascertain exactly how they work is all-important.
Bridging Finance 4U
At Bridging Finance 4U we are more than happy to discuss how we can help you, and if invoice factoring is the best solution for you, we will assist with this – simply call us on 0800 288 9044 to find out more.
Residential & Commercial Bridging
Bridging Finance 4U are master brokers and packagers for all the leading bridging lenders and private funders in the UK.
Who We Are and What We Do
Bridging Finance in London, UK is usually used as an interim finance measure until permanent or ‘next stage’ finance is obtained. For example, the sale of an existing residential property may take longer than the required purchase deadline of a new property, bridging finance could therefore be used to bridge the period of time until your existing property is sold, at which point you may have the funds to pay off the bridging loan in full with the property sale proceeds or to use as a deposit to complete on a standard mortgage.
We can also offer finance for both Republic of Ireland and Northern Ireland. In some cases finance can be also obtained for prime locations in Europe for UK nationals whether living in the UK or overseas as an expat.
Why Choose Us?
Standard terms vary from lender to lender, but in general bridging finance is usually available for a period of between 1 and 24 months. It is sometimes possible to agree an extension beyond 24 months in some circumstances, but generally speaking bridging loans are meant as a short term finance measure, lasting months not a few years.
Instead of going to every lender on the market, just come to us, we do all the hard work for you. We have relationships with all the major lenders and private funders and speak directly to decision makers. Funds can be normally released between 3 and 10 days subject to legals.
We can usually obtain terms immediately and formal offers subject to valuation within 2 hours. If you are looking for speed and service then you have found the right company. Rates from 0.65% pcm but see our rates page for more info. We can also now lend on the value of Freeholds.
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Invoice Factoring London
Many small businesses face a situation when their invoices are unpaid by their customers and they cannot wait for their payment. In this situation, you can turn your unpaid buyers’ invoices into immediate cash with invoice factoring services in London. This is an ideal way for businesses to generate funds when their customers don’t pay invoices right away, but they need money to keep their business running.
Invoice factoring is not a loan, but you get money by selling your invoices at a discounted cost to the factoring company. The factoring company now owns all the invoices and they get their money when your customer pays them, which is usually in 30 to 90 days. For instance, let’s assume you run a wholesale clothing business and generate an invoice of £10,000. Your client asks to pay the amount in 30 days, but you are in need of urgent cash to pay off your employee wages and bills. Turning to an invoice factoring company can solve your issue. The company may agree to buy your invoice at 3% factoring fee, which means you sell all your invoices for £9,700. The company agrees to pay 85% of the invoice amount within a few days and the rest of the amount when they collect invoice from your customers.
At BridgingFinance4U, we specialise in offering invoice factoring solutions to small as well as large businesses based in London and other cities in the UK. Regardless of your credit history, our bespoke packages will allow you to get a large amount of funds upfront as your turnover grows. Factoring invoices with BridgingFinance4U is quick, and you will get funds in your account in less than 24 hours. Just give us a call and our invoice factoring executives will assist you in finding the best finance solution for your business.