Factoring allows you to raise finance based on the value of your outstanding invoices. Growing businesses, in particular, often find that factoring is a more flexible source of working capital than overdrafts or loans. Factoring also gives you the opportunity to outsource your sales ledger operations and to use more sophisticated credit rating systems. This briefing outlines:
- How factoring and invoice discounting work.
- How to decide whether you should use factoring.
- How to choose a factor.
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