How to choose a factor?
It is absolutely crucial that your business makes the right choice when choosing a factoring or invoice discounting provider.
Why not search around for a factor yourself?
The number of factoring companies and invoice discounting companies within the UK and worldwide has increased rapidly in recent years as the market has experienced substantial growth.
In total there are more than 90 factoring companies within the UK, all the high street banks have their own subsidiaries and there are a number of independents varying from large groups to single location companies.
Aren't all factoring companies the same?
Although all factors work to the same principles, each factor will have different strengths and weaknesses and they will do business in different ways. Some will be very 'hands-on' and provide a lot of advice and assistance; others will be more distant and will work strictly to set rules.
The factoring market is always moving, and what is the best deal at the moment, may be different the following week.
Who can give me independent advice?
Cashflow Acceleration Ltd, an East Sussex based company, offer a UK wide free independent quotation search service for invoice discounting.
In many cases they have saved clients at least 33% of the cost of their existing or quoted invoice finance facility.
Call 01892 784183 today for a FREE independent quotation search.
