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Factoring is a cost-effective and practical option for businesses. It’s simple to put in place, will free-up working capital quickly, and provides expertise through our proven credit management services.
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- You raise and issue your invoices
- Our factoring partner advances up to 90% of your sales ledger
- Your credit control is administered by our factoring partner
- Your debtors pay your invoice in full and the balance is passed to you
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You, if you offer trade credit terms with annual sales of £50K plus
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At any stage of your business, from start-up to established
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- We are able to provide a factoring partner to suite your specific requirements
- We will offer you the highest level of service throughout our partnership
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100% Bad Debt Protection
As an enhancement to our Invoice Discounting and Factoring solutions, Bad Dept Protection insures against a customer defaulting. We can cover you for up to 100% of the amount owed, with the cost based on a percentage of the value of your book debts.
How it works
- Invoice Discounting and Factoring clients require protection on their debtors
- Subject to the terms of the credit protection, our Bad Debt Protection partner assumes responsibility for the debt and makes payment to you.
Who can we help
- As long as you are our client for Invoice Discounting or Factoring
Why BFS?
- We are able to provide a Bad Debt partner to suite your specific requirements
- We will offer you the highest level of service throughout our partnership
Contact us today to find out how we can help grow your business
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