Are you looking to improve the cashflow of your business? Is your business growing fast but your clients aren't paying on time leaving you with a big overdraft? Improving your cashflow with factoring or invoice discounting will improve your cashflow in a inexpensive and short period.Get Started
Factoring and Invoice discounting are types of lending where the money you are advanced is borrowed against the value of your invoices. You just send a copy of an unpaid invoice to the factoring company. Up to 90% of invoice value will be paid in 24 hours.
With factoring the factoring company will collect the outstanding amount of the invoice. You outsource your invoice completely and you won't have to worry about holding enough money in the bank to pay your staff and overheads.
This financial product is almost the same as factoring except you retain control over your debt collection and credit control. Invoice discounting is suitable for larger companies with an established credit control function. It allows you to raise money from invoices fast without showing the invoice discounting company to your clients.
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“It is a very good and easy to use service. I've been a customer for several years and the renewal system is very straight forward. I've always found the quotes competitive too. I'd definitely recommend Simply Business.”
– R Matthews, Handyman
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© Copyright 2019 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.