cash flow solutions from factoring quote

Factoring is a more flexible cash flow solution than the traditional bank overdraft and is an excellent way to unlock working capital from outstanding invoices. Selecting the most appropriate factoring company however can be a nightmare as biggest and cheapest rarely equates with best.

There are almost 100 invoice factoring companies operating in the UK all appearing to offer the same thing but there are fundamental differences between many of them and the factoring company that may be the most suitable for one company could well be a financial disaster for the next

This is where the factoring broker has historically been so useful as we know the market place intimately and will know the most appropriate factoring company with which to place each company, probably saving much heartache in the process.

A new type of factoring broker has recently emerged offering a service where the client can fill in a few details on a website and obtain a range of instant quotes from different factoring companies. By clicking another link he can arrange for whichever factoring company interests him to contact him.

Whilst this may seen a simple and painless process it has significant drawbacks as it is software driven and cannot take into account whether the factoring company is suitable at all, let alone the most suitable factor in the individual circumstances and often the company ends up talking to the wrong factor.

We hope to explain a few of the pitfalls waiting to trip the unwary and we offer the option of either obtaining an instant factoring quote and proceeding with an automated system or doing it the old fashioned way and telephoning us to discuss your own individual circumstances.

The decision is yours but we would be grateful if you could take a few minutes to read about the various pitfalls involved first starting with the  the hidden costs of factoring by clicking on the link.

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