Is factoring right for you?

Is your company new and without a credit history? Are you under capitalised, or a business with high seasonal demands? Have you decided to purchase the interest of a partner, add a new product line or simply expand existing operations? If the answer is yes to any of these questions, factoring may be the answer. Fortunately, banks are not the only source of working capital. Money can be obtained quickly through accounts receivable factoring finance where an ongoing line of credit can easily be established.

Factoring is a way to increase sales. Most companies cannot afford to carry many customers who pay their invoices much beyond 60/90 days. Ever been forced to turndown profitable orders because of slow-paying customers or had to offer early settlement discounts cutting your margin.

Factoring goes hand in hand with your financial planning the more you invoice to credit worthy customers the more factoring is made available. It gives you some predictability in your month-to-month financial situations.

Unleash your businesses potential with factoring!

Author: Toni Nicholson, factoringcompare.com, 10/06/2009