Factoring and Invoice Discounting services will help any growing business. Facilities should be set up in the first instance with the correct structure and managed to ensure excessive fees are not applied.
Here are examples of the varous elements which may impact on an invoice finance facility.
Read MoreSmall businesses supplying to the main supermarket groups have historically turned to invoice finance as a means of accelerating their cashflow; however, long payment terms have meant that finance costs have had an adverse affect on supplier margins. The proposed terms to be adopted by Tesco in 2016 will go some way to ensure that smaller suppliers are able to rely on invoice factoring and invoice discounting as a means of growing their business on a sustainable basis.
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