Debtor Finance can take a variety of forms. The following basic terminology is explained but other hybrid & specialist products exit:

Factoring – notice is given to your customers to make payment directly to the factoring company and the factoring company effectively manages your debtor book and credit control leaving you to run your business.

Confidential Invoice Discounting – you retain control of your sales ledger and collection so your customers are unaware that you are using this facility. Many large, well-known, growing companies use this type of facility without anybody knowing.

With / Without Recourse – if you suffer a bad debt then the factoring company can normally claw back from you any money you have borrowed under the facility. However, you can choose to pay for an additional service whereby in the event of a bad debt the factoring company stand the loss.

Foreign Trade – if you export all or some of your sales and/or you are importing, we can arrange finance to to cover these activities.

Credit Insurance – even if you are not using any form of factoring facilities we can introduce you to companies who will arrange insurance against bad debts.