Invoice Factoring
- Are you experiencing delays in collecting your invoice debt?
- Finding that costly bank overdraft facilities are being stretched?
- Looking for better ways to finance large purchases or specific client invoices?
- Need to find better methods of protecting your business, and of course, your workforce and their families, in a tightening economy?
- Simply taking too much of your time to concentrate on managing your cashflow?
How would you feel if all of these pressures and worries were removed and you were able to focus on doing what you do best, running your business?
Managing Your Invoice Cashflow
It's common knowledge that Banks are tightening up on lending in general, and its very possible that when you need it most, your company may not be able to obtain an extension to your current overdraft facility .
So, how would your business operate if you could'nt extend your overdraft? What would you do? How would you pay your staff?
Well, one option is Invoice Factoring.
Once a solution used by companies in trouble, invoice factoring solutions are now adopted by companies in every B2B sector, regardless of their financial status.
Today's factoring solutions are hugely flexible, funding the purchase of pre-sold goods, complete off-loading of your debt collection function, and including niche factoring solutions such as vehicle Body Shop Finance .
Challenges of Collecting Invoice Debt
Particularly in the case of small business, collection of invoice debt is a time consuming and strength sapping activity.
Whilst most of us dont like to admit it, we really dont enjoy making these phone calls!
You are passionate about your business and keen to preserve your client relationships. Letting your clients have a few extra days to pay "really isn't a problem".
The trouble is that these "extra days" cost your business money!
When several of your clients start to extend their payment days the problems can become significant.
Now you are incurring overdraft charges, and this is is having a direct impact on your ability to fund the day to day running, and growth of your business.
Over time, this affects your ability to operate the business, pay your staff, and purchase new materials, sold product or machinery.
Eventually you simply go out of business!
The Good News
It doesn't have to be like this!
There are solutions to completely remove the woes of debt collection.
- No more awkward phone calls
- No more defering of purchases
- No more concerns over paying your staff.
TAL's factoring solutions are broad and varied, but in all cases they can really help to stabilise and protect your business from the problems associated with cashflow starvation.
Factoring is often as cost effective as an overdraft facility, and makes the management of your cashflow simple and stress-free.
In most cases, factoring solutions can be implemented in less than a week!
TAL Factoring Solutions
TAL Commercial work with a variety of factoring lenders, from high street Banks to specialist companies.
Each have their business benefit, all offering different levels and methods of interacting with your clients, and packages to suit differing finance requirements.
Charges differ depending on the size of the facility, and the status/turnover of our client.
Call TAL Commercial Today for a no-obligation chat about your business needs.
Further Invoice Factoring Solutions & Information Sources
Solution: Trade Services Finance
The ultimate financial solution for businesses buying and selling non-perishable goods
Solution: Vehicle Body Shop Finance
A solution for Body Shop Repair businesses who would benefit from improving their cashflow?
The Asset Based Finance Association
(ABFA) website - a source of useful invoice factoring information.
|
