How can Factoring Solutions help my Channel Islands business?

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Channel Islands Invoice Discounting

Factoring Solutions Ltd are factoring and invoice discounting brokers covering Channel Islands and the whole UK. We arrange finance facilities for UK businesses in Channel Islands to improve their cashflow.

Find out more on Factoring Solution's three main services for businesses in Channel Islands: Channel Islands Invoice Discounting, Channel Islands Factoring and Channel Islands Trade Finance

Invoice Discounting in Channel Islands

Invoice discounting allows funding to be received against the sales ledger in the same way as factoring, but without the credit control option. Therefore your customers will be unaware of the involvement of any discounter. There is a good chance that some of your suppliers are already receiving the benefits of invoice discounting, but this fact is not disclosed to you. Many businesses in Channel Islands prefer this route as it is cheaper and they are more than capable of collecting their own debts. Factoring companies covering Channel Islands will allow an Channel Islands Invoice Discounting facility, provided you can demonstrate an adequate paper trail and have the ability to collect the debt in house.

Factoring in Channel Islands

Factoring for businesses in Channel Islands is an extremely flexible method of providing cash flow for a businesses in Channel Islands. The amount of funding available also increases in line with the growth of your Channel Islands business.

Under a Channel Islands factoring facility, copies of the sales invoices are provided to the factoring company covering Channel Islands. Once received, the factoring company will immediately advance up to 85% of the invoice value (in some circumstances, advances of up to 100% are available). The balance of the funding is received when the customer pays. So the Channel Islands business benefits from "accelerating" the cash flow by up to 85% of the debtor book.

Trade Finance in Channel Islands

Trade Finance for businesses in Channel Islands is a generic term for the provision of finance in order to enable goods to be purchased in order to satisfy an order. Finance is provided by the trade financier to bridge the funding gap between purchase and sale. There are effectively two types of trade finance - Channel Islands Purchase Finance and Letters of Credit for Channel Islands Businesses

Summary

If you are a Channel Islands Business and have the orders but are struggling with cash flow then any of our 3 Factoring Solutions options could help you.

Contact us today about our Factoring and Invoice Discounting : email: enquiries@fundingsolutions.ltd.uk : tel: 0844 4144379