Invoice Factoring Services
What is Invoice Factoring? By Hamilton Wood & Company UK.
We Provide Invoice Factoring Services for UK Businesses
Invoice factoring provides access to finance based on the value of outstanding customer invoices before they are paid.
In other words, it allows your business to finance invoices, therefore, providing working capital for your business.
Hamilton Wood & Company provides access to leading invoice factoring services making funding available, whilst helping to manage your credit control.
Our invoice factoring partners will chase any outstanding invoice payments on your companies’ behalf which will save you precious time so you can concentrate on running your business and money.
Other Names for This Type of Funding
Invoice factoring also goes by the following names:
Whatever you call invoice factoring, the principle is straight-forward and simple. You receive cash that is levied against your unpaid customer invoices which helps with your company turnover and stability.
Where This Type of Funding Works Well
Does your business provide 30, 60 or 90-day payment terms to pay invoices?
Most businesses provide flexible payment terms to help their clients spread the cost or delay final payment dates.
You might see why this situation is great for your client but not so great for your business and this is where invoice factoring comes into play.
If your business is in the position where it is waiting for payments from customers then invoice discounting services will provide vital life-blood for your company.
In essence, your company sells the outstanding invoice to a factoring company who will provide business finance on the strength of the outstanding invoice.
Here at Hamilton Wood & Company, we provide access to leading invoice factoring services in the UK.
If you would like to discuss an invoice advance, or any other business finance product we provide get in touch now and we will be happy to help you.