Benefits of Debt Factoring – Why Use It?
Does having your working capital tied up in unpaid invoices frustrate you?
Do you need to even out your cash flow fluctuations?
Is your cashflow tied up in unpaid invoices? Do you need an immediate increase in working capital?
Debt Factoring gives you access to 70-90% of the value of your debtors' invoices – just think what you could do with the extra cash flow...
You could haggle for a 3% - 5%+ discount by paying your suppliers in a short period of time or by buying larger quantities.
This finance facility could actually make you money!
By using a Debt Factoring facility, you will have the cash you need to pay your bills on time and build or re-establish your credit rating.
Imagine trumping your competitors by offering your clients favourable credit terms which your competitors can’t match... what an advantage!
Debt Factoring allows you to extend credit terms to large customers without requiring COD payment.
This means that you can increase sales through access to extra cash flow that your business may have been unable to fund otherwise.
This will give you a great advantage over your competitors!
Because your ability to Debt Factor is based on the credit worthiness of your customers and not you, you can obtain the capital you need by leveraging your Accounts Receivable.
Since Debt Factoring is not a loan, you can have your balance sheet looking fantastic which allows you to take on new debt in the future - greater leverage!
You need to have invoices totaling a minimum of $10k per month to qualify.
Don't put your business on hold and lose opportunities any longer.
Contact us now to arrange a flexible Debt Factoring facility that grows with your needs & has the added benefit of taking care of your debtors' ledger for you.
Spend less time chasing payment and more time chasing new business!
