Factoring Invoice Discounting

The Practice Loan Company has long established links with renowned factorers and as such we are able to provide tailored solutions to suit most situations.

By using factoring or invoice discounting, you can confidently take control of the financial management of your business.

You will be provided with immediate working capital by advancing up to 85% of the value of invoices in your sales ledger. The balance is then available to you when we receive payment from your customers.

Your customers will always be dealt with in a courteous and professional manner so you can be left to do what you do best, run the business.

Your business will be assisted in a number of key ways:

• Flexibility – you remain in control of your working capital by drawing against available funds as you require them
• No loss of equity – monies are made available quicker without parting with equity
• Overhead reduction – your credit management will be handled for you
• No credit limits are imposed
• Bad debt reduction – the professional management of your sales ledger reduces the risk of bad debt
• No disruption to existing banking lines – the facility would compliment existing facilities
• Peace of mind – it is difficult to establish the value of knowing that your sales ledger is being professionally managed but it is very valuable