Factoring is a simple 3 step process:
- You deliver your goods/services to your customer as usual and issue an invoice
- You send your invoice to Asset Finance and we advance you up to 90% of the invoice total - generally within 24-48 hours
- After 30-60 days, the invoice is paid by your customer to Asset Finance, at which point we advance you the remaining funds as a second instalment less the financing fees.
We can also help your business smooth out cash flow during the quiet season.
Our business lending specialists can help you tailor your cashflow requirements so that you have money to do the things you need to do during your off-peak season. With all our business loans we can help you plan your repayments to fit in with your usual cash flow. You can choose to make balloon payments and/or pay more or less at certain times of the year. Whether through our Factoring or another tailored cash-flow finance solution, we're here to help you find the best finance solution to fit you and your business.
Ask us how Cashflow Finance from Asset Finance can help your business. You can contact us on 0800 657 800 to discuss your requirements.