Factoring
Debt factoring involves selling your invoices to a third party. In return they process the invoices and allow you to draw loans against the money owed to your business. Essentially providing a debt collection and ledger management service, it is commonly used by businesses to improve cashflow but can also be used to reduce administration overheads.
Invoice Discounting
This is an alternative way of drawing money against your invoices. However, your business retains control over the administration of your sales ledger. As well as providing finance, which is probably the main attraction, it offers valuable support alongside a Credit Insurance policy managed by us.
SME PROTECT have teamed up with the UK's largest flexible asset-based lenders, serving the SME market to offer a full range of financial solutions. Their expertise lies in three divisions - Asset Finance, Property Finance and Trade Finance.
Contact us now to see how you can improve your cashflow.
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