Invoice factoring helps your business grow

Cashflow is a continuous problem for businesses of every size, particularly small and medium sized enterprises. This is why more and more companies every year are looking into ways of improving their cashflow as it is all well and good having great ideas about how to grow your business, but if you haven’t got the money to implement them, then what’s the use?

A prompt and simple factoring process

Some people are put off by the mention of the word ‘broker’, but that’s exactly what we are, and we are proud of the independent invoice factoring brokering service we provide. Over the years we have developed relationships with the leading invoice factoring firms in the UK. This ensures we are perfectly positioned to find the best deal for you. So rather than wasting your time phoning around all the factoring firms you can find, call Simply Factoring Brokers, and after a five minute chat we’ll know exactly how we can help.

Our quick and simple invoice factoring process works a lot like this:

  • You give us a call
  • We talk over your individual business circumstances
  • Within five minutes we’ll know whether we can help
  • We then use our considerable clout to source deals you would not be offered if you approached funding firms independently
  • You then receive up to 90% of the value of an invoice within 24 hours of it being issued

And if that wasn’t enough, we’re also specialists at finding great deals for businesses with adverse credit. We can even help you improve on your current deal. For a great deal on invoice factoring, give UK based Simply Factoring Brokers a call to see what we can do for you.

How can we improve your business finance?

It can be really difficult running your company if all of your money is tied up and you have a cash flow problem. Often money can be owed where customers have not yet paid their invoices and all the chasing that you can do will not get the customer to pay it when you need the money. This is one situation where we can help. We provide factoring invoices service where we can give you up to 90% of what is outstanding on the invoice and then give you the final 10% after our fees once it has been paid. This means that you could then get the chunk of money that you need. This can be done on just selected invoices, perhaps ones that are worth the most money or on all invoices.

We are an invoice factoring broker which means that we can put you in touch with a company that can help you with this sort of service. We have a big selection of invoice factoring companies that we will choose from and we will match you to the best factoring services for you. This should help you to get the best deal for your particular company and get the best value for money. You should very quickly be able to release the capital that you need. It will also mean that you will no longer have to chase the payments due.

This type of factoring finance is something that is now being used by many small companies. It is preferable to a loan because you do not have to worry about presenting a bank with a business plan or coping with repayments. You may also be able to get the money more quickly and more easily.

How to use Simply Factoring Brokers

It can be easy to think that a business factoring company is not for you. However, if you ever suffer cash flow problems as a result of late payments of invoices then you could find that invoice factoring will be useful for you. Whether you are a large or small company and whether you are struggling with problems with recruitment finance, payroll finance or invoice finance then this could help to raise some money to help.

It can be scary, giving another company control of your invoices. However a factoring invoice is something that many companies now deal with and so you should feel safe in doing so too.

We also work hard to find the best factoring company to work with you. We look across many invoice factoring companies in UK so that we can make sure that we match companies up well. We do not pair you up with any old factoring companies but look at your needs, small business factoring, for example and make sure that the company we choose is skilled in that area. The factoring company will be picked to deal with the sort of invoices that you receive and the amount of money that you need.

It is possible for the invoice discounting service to provide you with between 80-90% of the amount outstanding within 24 hours of requesting it meaning that money can be released very quickly. The factoring charges will be taken out of the remaining amount once the invoice has been paid and the difference will be paid to you. This type of debt factoring can be quicker and easier than a loan and many companies are now using it. So whether you are interested in recruitment factoring, haulage factoring, construction factoring or any other type, we will be happy to help you.