When the demand for your product or service grows sharply and is unanticipated, implementing invoice factoring can remove financial pressure Invoice factoring invoices can be a useful buffer when there is a sharp period of growth in a company, and it needs to find funding to account for this, especially if it is unexpected. Easy to set up and the service can be operational within 7 – 10 working days.Reduced finance costs over traditional overdraft facilities.Factoring can be offered to most business types and industry sectors.Bad debt insurance can be included if necessary, to give additional peace of mind.Facility available to newly started business with turnover from just £100K per annum.On-line process and cash paid into your account same day / next day.Up to 85% of the invoice value paid to you on issue.
More attractive rates than an arranged overdraft is just one of the key benefits of invoice factoring. A factoring arrangement with a company that builds a relationship with its clients can be a great asset to use, and enables your finances to remain current to its requirements. InvestGrow has a large number of lenders in its portfolio that can help businesses keep their capital flowing by using this simple process. The lender will then recoup the funds from your customer on the terms of the invoice, ensuring constant income into the business.
Invoice factoring is where an agreement is arranged between your business and the lender where they, in essence, buy the invoice from you for up to 85% of the invoice cost. InvestGrow Financial Services can guide you through the process and source the lender best for your company. Waiting for a customer to pay when they are on 30- or 90-day terms can leave your working capital short, so factoring your invoices can be a huge benefit, especially for smaller companies. Invoice factoring is a simple and easy process that allows your cashflow to remain current.
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