Are late payments holding your business back? If so, Invoice Factoring could be the perfect solution for you. An Invoice Factoring facility can help to relieve cash flow worries for businesses, particularly those in industries such as recruitment, construction, and haulage to name a few. Invoice Factoring is the most popular choice of Invoice Finance for businesses. The facility allows you access to your unpaid invoices before your customers pay you. It is common for businesses to have things like staff wages to pay for but are often unable to do so due to a delay in customer payments. By having a Factoring facility in place, it allows you to access the money without having to wait 30, 60 or even 90 days for your customers to pay you. This means you can carry on your business as usual without having to worry about a cash flow gap. If having to chase your customers for a payment puts you off doing so, Factoring could be the perfect solution for your business. Factoring is unique because instead of having to chase for payments yourself, you will be provided with a highly skilled credit control team who will chase the payments for you. In addition to this, you will have a dedicated relationship manager who will make sure your facility runs smoothly throughout your time with us.
We have supported a number of businesses who struggled with late payments which hindered their productivity. By having a Factoring facility with us, they were able to carry on business as usual, without cash flow worries.
At Skipton, we pride ourselves in supporting business and encouraging their growth and success. If you are interested in finding out more about our Invoice Factoring service, you can email us at info@skiptonbf.co.uk or call us on 0800 0854150 / 0330 1232437.