Factoring and Invoice Discounting (incl Care Homes)

An effective way to raise funds and eliminate cash flow problems. In FACTORING the funder does the payment chasing;in INVOICE DISCOUNTING the payment chasing is done by the client.An advance is made by the lender,from approx 70% (or maybe more)of the outstanding Debtor list and is lent,usually, for a period of three months.Once the remaining amount is paid then this is also credited to the clients account,less charges.As Invoices continue to be sent out and drawings also continue, then the amount due to the client rises and falls in relation to drawings and new Invoice additions.After the lending period,should an Invoice not be paid,then an adjustment is made on the amount due to the client. Generally speaking the High Street Banks offer the most competitive rates but there are other sources who offer a more specialist service and it may be in the client's interest to go with these,depending on their requirements. For example where extra assistance is required with paying for ever bigger purchases,in particular imports,it may be the client may lose out as they do not have the resources to fund that import. PURCHASE FINANCE is the answer to this problem.For further details please go to PURCHASE/TRADE FINANCE on our Services list. Factoring/Invoice Discounting helps where cash flow is hindering a Company's progress.It maybe day to day expenses are under threat due to no funds being available,it maybe a deposit is required for a property situation or machinery,plant, vehicle, requirement.Taking up this service initially means an attractive availability of a cash sum to finance an important step in a company's progress.It should also be understood that as Invoices are sent out an immediate availability of funds is there for use,as required.Please note, it is sensible to use only the amount required and not take all that is available,thereby saving on interest charges,similar to an overdraft facility.IE,interest is only applied once the funds are taken. It maybe that your Company already uses these services.However,can you be sure you are receiving the best available ? We would,therefore,suggest,if you already factor or Invoice Discount,we carry out an audit to see if you are enjoying the most economical terms,along with the best service for your requirements.Say,you are not satisfied with the chasing of invoices due for payment,say you require a larger upfront payment percentage,say you require trade finance etc,then it makes sense to have a search done.LET US, THEREFORE, DO A CHECK FOR YOU.This type of financing is a good way to raise funding but,like all things,it makes sense to make sure you are having the right service. If you are interested in Factoring and Invoice Discounting please visit Application Forms and complete STANDARD APPLICATION FORM no 1. To CARE HOMES,PHARMACIES,NURSING & DOMICILIARY AGENCIES,FOSTER CARE AGENCIES & GPs.who have difficulties in obtaining payment from their Public Sector clients. Yes,you can factor too by using the FAST FLOW system. Have you ever thought how much easier your life would be if your Care Purchaser invoices were settled immediately? Payday stress and worries about meeting your overheads could be a thing of the past. Planning your capital expenditures would be so much simpler knowing when you have money coming in. Of course, we can't arrange for your Care Purchasers to pay you when it suits you but we can do the next best thing. We can arrange a factoring agreement to cover your Public Sector customers. The system is called "Fast Flow". Fast Flow is a new service that has been designed to meet the needs of Care Homes etc. that find themselves at tile mercy of slow-paying Care Purchasers. Here's how Fast Flow works .your public sector invoices are bought by the service at face value as they arise. The money is in your bank within 48 hours of the invoice being raised. . payment is then progressed by yourselves and subsequently made from your public sector customers. . You remain in full control of the invoice collection arrangements. . In exchange for this service a small flat-rate discount is charged on every invoice paid in this way. This simple concept delivers you many benefits An initial cash injection for your Care Home: . Fast Flow releases the money that you have tied up in your Care Purchaser payment cycle in a lump sum. This is your money to use as you wish. Think of how much cash you currently have tied up in the public sector cycle and imagine what a difference this cash injection could have on your Care Home. Your Care Home becomes a cash business. Fast Flow converts your Care Home into a cash business - every invoice that you raise for your Care Purchasers will be settled in full in just 48 hours. Now you know that you will receive cash in time to meet your commitments. The Fast Flow difference Free from the frustrations of your Care Purchasers' payment cycle FastFlow can make a real difference to the managing of your Care Home: . Enjoy peace of mind - tile cash accelerated by Fast Flow will help you to meet your payroll and overhead commitments. . Meet the costs of minimum care standards Fast Flow releases funds that you can use to invest in your Care Home to ensure that you meet minimum care standards: - Invest in your buildings and facilities - Train and develop your staff - Demonstrate control of your Care Home's cash flow In your business plan Fast Flow puts you in control of your cash flow so that you can rise to the challenges of running your Care Home. Fast Flow offers you total flexibility: . No security or guarantees are required . You retain your relationships with your Care Purchasers . You are not tied in to a lengthy contract . You choose the public sector bodies with which you use Fast Flow . There are no penalties for leaving the service. THE SERVICE REALLY IS THE NEXT BEST THING TO HAVING YOUR CARE PURCHASERS PAY YOU IMMEDIATELY. If you are interested in Factoring and Invoice Discounting please visit Application Forms and complete STANDARD APPLICATION FORM no 1. If you are interested in the FAST FLOW facility please visit Application Forms and complete APPLICATION FORM No 3. Alternatively contact us by phone,fax or email. Please see our contact page Back | Application Form