How can Factoring Solutions help my Orkney Islands business?

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Orkney Islands Invoice Discounting

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

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

Invoice Discounting in Orkney 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 Orkney Islands prefer this route as it is cheaper and they are more than capable of collecting their own debts. Factoring companies covering Orkney Islands will allow an Orkney Islands Invoice Discounting facility, provided you can demonstrate an adequate paper trail and have the ability to collect the debt in house.

Factoring in Orkney Islands

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

Under a Orkney Islands factoring facility, copies of the sales invoices are provided to the factoring company covering Orkney 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 Orkney Islands business benefits from "accelerating" the cash flow by up to 85% of the debtor book.

Trade Finance in Orkney Islands

Trade Finance for businesses in Orkney 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 - Orkney Islands Purchase Finance and Letters of Credit for Orkney Islands Businesses

Summary

If you are a Orkney 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