What is single debtor factoring?
Businesses can sometimes require finance from a factoring company (also know as a factor) against a single customer (or a single debtor or a prime debtor). This may be due to a prime debtor concentration of trade into a single customer or seasonal trading peaks or you may just want finance against one customer without giving the factor your whole sales ledger.
Cashflow Acceleration Ltd, an independent broker are able to introduce you to factoring companies that can provide finance against single debtors (prime debtors) or even single invoices to improve your cash flow.
Equally, if you would like a factoring company that can handle a large sales ledger with numerous debtors we will be able to obtain quotations from factors for you.
The following case study illustrates how we were able to find a single debtor factoring service for a client with a substantial prime debtor:
Case Study - Factoring Finance for a Single Debtor Within a Week
A small haulage company were in need of working capital finance to enable them to grow their business. As with many small businesses they had one prime debtor (also known as a prime debtor) that accounted for over 90% of their sales ledger at any one time.
Normally this would be an issue for most mainstream factoring providers due to the risks associated with a substantial concentration into any single customer.
The solution
Despite this, Cashflow Acceleration Ltd were able to find a Single Debtor Recourse Factoring Facility for the client and the facility was in place extremely quickly.
It took only one week from the time of initial contact with Cashflow Acceleration to the day that the client received the initial payment from the factoring company.
Who should I talk to?
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.
