First Factor Finance Limited

Factoring is becoming an extremely valuable alternative for businesses looking to raise working capital. Unfortunately, having a profitable business does not necessarily mean that you have a reliable cash flow. The opposite is sometimes true; a business may have great profits and a very unreliable cash flow. Factoring can provide access to a brand new pool of cash, releasing working capital that would otherwise be tied up in your outstanding debtor book. This provides businesses ranging from start-ups, mid-size, and large companies access to immediate working capital as well as providing cash flow for expansion without incurring debt or reducing owner’s equity. Do you have customers that are taking 30, 60 or 90 days to pay their invoices? Slow paying customers are to be expected in today’s business environment after all they are probably being stretched by their customers too. They are making managing cash flow a very difficult task. Paying suppliers, salaries and rent becomes a challenge. Factoring is a financial solution that allows you to unlock your money tied up in giving trade credit almost immediately. Some business owners make the mistake of thinking that Factoring is going to be too expensive, but the reality is that the benefits significantly outweigh the costs concerned if used effectively. Factoring releases real money that belongs to you, is earned by you, but very much out of reach until your customer decides to pay you. Using the additional working capital to your advantage can offset the costs (like taking advantage of early settlement discounts from suppliers for instance. Often discounts of 5, 10 and 15% can be obtained from suppliers by paying them in 7 or 10 days).

First Factor Finance Limited are listed in; North Yorkshire Business Directory : Harrogate Business Directory : Business Finance Directory : Business Finance in Harrogate : Business Finance in North Yorkshire


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