Factoring

What is it?

Factoring companies advance finance to businesses that need to bridge the gap between when they issue invoices and when that invoice is paid by the customer. Factoring can unlock finance for your business for up to 90% of the value of your invoices within 24 hours of the invoices being raised.

Who is it suitable for?

• Factoring is most suited to businesses with UK sales, on normal credit terms, from start-up to £30 million turnover.
• It is available for companies who trade business to business, offering goods or services on credit.
• Factoring can benefit companies by ensuring sufficient working capital to meet cashflow requirements. It is seen as an alternative to bank overdrafts with many added benefits.

How can it benefit my company?

• Raise finance to help the business expand
• Can assist you to negotiate more favourable credit terms with your suppliers.
• Allow you to pass over control of your sales ledger and credit control functions, therefore saving time and money.

How can MCR Finance Brokers Help?

Our knowledgeable team is drawn from factoring and financial backgrounds, which ensures our clients receive straightforward advice. We make sure our clients are introduced to the most appropriate lenders and we ensure they receive the best possible funding package at the most competitive rates.