What is factoring?

Problems with Cash flow is one of the main reasons why many businesses fail. Clients look for extended credit terms or are late making payments, whilst suppliers look for payment on reduced credit terms, which inherently can leave a business struggling with cash flow. Factoring is a solution to this problem, whereby funds are provided by a lender against invoices and has become an extremely popular form of funding due to the problems businesses are facing at present.

Otherwise known as invoice factoring, the aim is a simple one, which is to provide funding by utilising the potential funds tied up in a companies invoices. The process of debt factoring is a simple one, which can be concluded quickly and effectively in a short period of time and in the process provide the funding that is required to improve cashflow.

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