Factoring Service Summary
Factoring In A Nutshell
- Factoring boosts your cash flow by providing an immediate injection of cash into your business against the value of your outstanding invoices.
- When you raise an invoice, we can release up to 85% of the value of that invoice within 24 hours. The remaining 15% is paid to you, less a small service fee, once we receive payment from your customer.
- Your business has access to an ongoing supply of cash linked to your sales so as your business grows so does the amount of funding available to you.
- We will prepare and send out statements, telephone all of your customers, collect payments for you and maintain professional and detailed accounts of your transactions.
- You remain in control by working with a dedicated team of people who ensure your customers are as happy to deal with us as they are with you.
- By working with a Factor, it means that as well as a significant reduction in debtor days and improvement in cash flow, valuable management time can be spent driving the business forward.
- By making use of a factoring facility you can benefit from improved profitability as you can pay suppliers earlier, buy in larger quantities and take advantage of any volume discounts.
- Our Factoring service provides a flexible supply of working capital giving you the time to realise your plans.
- Receive a Bibby Purchase Card (at no additional cost), and use the funds we make available to make purchases as and when you want.
What Next?
If you would like to speak with one of our Factoring specialists simply complete our contact form. Alternatively you can call us FREE on 0800 91 95 92, email us at marketing@bibbyfinancialservices.com or request a call back.