Factoring

We unlock the value of your outstanding customer invoices and manage your credit control.

What is Factoring?

Factoring is a flexible business funding solution designed to improve cash flow by releasing working capital from outstanding invoices and injecting it back into your business quickly, efficiently and cost effectively.  Factoring is a good funding solution for new, growing and established companies that are unable to obtain traditional bank financing as well as for businesses that experience seasonal demand. When you work with BFS, you will have a dedicated account team that interacts seamlessly with you and your customers.

The benefits of factoring:

  • Fast, flexible source of funding which grows in line with sales
  • Cash advance on your invoices, usually within 24 hours
  • Full accounts receivables management support - we follow up with your customers for prompt payment
  • Improves cash flow to free up management time and focus on growth
  • Real-time, online access to status reports via our account management system
  • Flexible terms and conditions
  • Financing available against fixed assets
  • Expert advice from credit management professionals to help you evaluate potential customers

How it works

Invoice raised

Step 1:

Invoice your customer and send us a copy.

90%

Step 2:

Receive funding - we advance up to 90% of invoice value to you usually within less than 24 hours.

payment pounds image

Step 3:

After customer payment, you receive the remainder of the invoice value minus our fees.

Factoring is a good solution for your business if you:

  • Are a business, trading with other businesses.
  • Send out invoices with payment terms of up to 120 days.
  • Are an established business or are a start-up.
  • Are a company that is unable to obtain traditional bank financing or to increase an existing line of credit any further.
  • In conjunction with a factoring facility, we can offer inventory and term loans.

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