Factoring & Invoice Discounting - Small Business and SME Factoring
Get FREE Quotes - For UK Factoring
Get FREE Quotes - For UK Invoice Discounting
Use Factoring as an Alternative to Small Business Loans, Asset Based Lending or Working Capital Loans
There are many ways of sourcing capital such as
- Asset based lending
- SBA loans (Small Business Administration)
- Working capital loans
- Small business loans
factoring and invoice discounting was not usually available for small medium size businesses. Most companies that were eligible for factoring already traded with commercial customers and government bodies such as hospitals or schools who were automatically considered to have excellent creditworthiness. This is all a factor needs to suggest a program for an Small/Medium Enterprise (SME).
Some companies have responded to this lately and don't mind if your company's credit is adverse or immature, usually the creditworthiness of your customers is all you need to get the working capital you need for your business.
Other factors not considered
- Record of profitability
- Positive net worth
- Hard assets for collateral
Concentrating on running your SME business is the net result of using accounts receivable financing, invoice discounting/factoring, for your Small/medium business.
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