Should Debtor Finance be your solution to todays credit crisis?
Should bad debt and late payment protection be a priority in todays credit markets?
There can be no doubt that banks and other finance providers have become nervous in these uncertain times when it comes to traditional financial solutions. The sudden loss of liquidity in the debt markets means that stricter terms are being imposed on all borrowers including the business and commercial markets. One direct result of the credit squeeze is expected to be an increase in late payments and bad debts which could severely affect the cash flow of businesses.
A great way to protect your business from these problems is to manage your working capital by using an invoice factoring or an invoice discounting facility and using the 100% "bad debt" protection options offered by these facilities. These non recourse facilities offer value for money, shelter your business from insolvency and perhaps more importantly peace of mind in this period of uncertainty.
Independent invoice & factoring loan lenders are traditionally much more flexible than banks and offer a more individual and tailored approach when assessing business eligibility for funding. If you think that protecting your company against debtor insolvency is right for your business then we would be happy to look at your asset based funding scenario.
For more specific information read our invoice factoring and invoice discounting pages, it could just be that these facilities are the answers to your current or future problems.
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Contact us today for a confidential, no obligation discussion about managing your trade debt with invoice finance! Apply on-line here or call 01223 211 613.
A short article covering your response to the current credit crisis and how your under utilised invoice assets may be the answer! Debtor finance could allow your business growth to continue even in todays environment.
- Why use a factoring broker?
- Don't understand all the invoice finance jargon?
- Can a new business factor company debts?
- Does all my sales ledger need to be factored?
- How long do I have to commit to an invoice finance lender?
- Will previous credit problems exclude my company from getting invoice finance?
- Will my trade invoices be the only security required by the lender?
- Who provides invoice finance?
- Which product is cheaper? Factoring or Invoice Discounting?
- What is the difference between invoice finance and debtor finance?
As "invoice finance brokers" we have successfully arranged factoring and invoice discounting facilities for our business clients in the past. Here are just a few invoice finance case studies that you may find of interest [more details].