Provision of value based financial products tailored to suit every client's circumstances.
With over 30,000 companies in the UK already using some form of sales ledger finance, this method of funding continues to grow in popularity over the conventional bank overdraft.
There are currently in excess of 70 sales ledger finance providers in the UK, offering a wide variety of products, rates and levels of service.
Sales ledger finance is an extremely flexible form of funding which grows in line with the business and is used by companies to obtain finance under many different circumstances:
Sales ledger finance can take a number of forms:
Factoring is suitable for most businesses that sell goods or services to other businesses on credit terms. The factor will typically advance up to 85% of the invoice value and provide a credit control service in relation to the outstanding debtors. The balance of funding is received when the customer pays. Some factoring companies can also provide credit protection insurance.
Confidential Invoice Discounting allows the funding to be received against the sales ledger without the customers being aware of any third party funder. This is normally available to the more established businesses, with turnover in excess of £250k, having efficient in house debt control systems.
Trade Finance is available against confirmed orders for goods. This provides funding for the transaction between purchase and delivery to the customer. This funding is typically used to fund products sourced overseas.
As brokers we are able to identify the most appropriate funder for any client’s requirements. We have arranged finance for clients that some factors have rejected due to:
As we receive commissions from finance providers, we do not charge our clients for arranging a sales ledger finance facility.
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0800 0735353 and let our professional team find you a competitive UK Commercial Finance Deal.
