Summary:- How to raise business capital by factoring your 30/90 day sales accounts with credit terms

 Business 
 Loans


an article on business insurance ...

telephone answering services ...

mail forwarding services ...



factoring invoices .

Loads of money due on paper but nothing in the bank to pay the wages! How often have we all been in this situation?

While not a business loan as such, factoring can provide the same answer - ready cash.

Factoring is based on the provision of funding against invoices raised on credit terms.

A factor will pay you, say, 80% of the invoice value when raised.

Your customer, the debtor, will eventually pay the invoice direct to the factor 30/60/90 days later, whatever are your terms of payment.

The factor will then pay you, the supplier, the 20% balance on the invoice less the factors fees.

The factor chases the payments and makes their margin - you get paid most of the invoice promptly.

For certain types of businesses invoice factoring works.

 



Before approaching anyone for a business loan, it is essential to make up a business plan in a format that can be easily read by the prospective source of funds.
It is important for the main facts to be brief but complete and supported by further documentation if required.
A business plan that resembles a short novel full of hype is not the way to attract backers.
  | contact | privacy | links | 2000 - 2016 |