Types of Factoring Facilities Available
If you are selling goods or services to businesses, on credit terms, then a factoring facility could solve your cash flow problems.
Recourse Factoring
The Factoring company carries out collections and credit management activities on your behalf, whilst advancing up to 85% of the value of outstanding invoices. Any invoices that remain outstanding at the end of the agreed collection/recourse period will be passed back by the factoring company, and will be at the risk of the client.
Non Recourse Factoring
Operates in the same manner as recourse factoring, with the Factoring company collecting debts on your behalf, but also includes bad debt protection.
Confidential Factoring
The factoring company carries out collections and credit management activities on your behalf, and chases in your name. Statements are sent on your letterheads. Whilst you have all the benefits of a full factoring facility, the facility is carried out confidentially, without your customers knowing of any third party involvement.
Export Factoring
Ideal for those companies with a high level of overseas customers, export factoring provides an expert collections service, with multi-lingual collections staff chasing your customers in their own language. 100% credit protection available.
Disclosed Invoice Discounting
You retain control of collections activity in-house, chasing your own debts and maintaining an up to date sales ledger. Your customers are aware of the Discounter's involvement
Confidential Invoice Discounting
Collections activity remains in-house, with you carrying out your own chasing, and sending month end statements. As the name suggests, your customers are not made aware of any third party involvement.
Single Debtor Finance
Finance available for a single debtor or a small group of debtors, without the usual funding restrictions imposed by Factoring and Discounting companies. Each deal is considered on its merits. Single Invoice facilities are also available, which can be particularly useful for large one off transactions.
Trade Finance
Particularly useful for seasonal trade and to fulfil short term cashflow requirements, trade finance is available against a completed transaction with your supplier. It enables you to enjoy extended credit terms whilst your supplier is paid on time.
© 2012 : Sterling Capital Reserve Ltd
Sterling Capital Reserve Ltd
Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550
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