Are you a company in Derby struggling with finance? Select Factoring can offer you a range of alternative funding solutions.Read more
Asset finance in the form of Factoring, Selective Factoring and Invoice Discounting are quick, simple and cost-effective ways of gaining funding.
We enables companies like yours to expand and pay off any debts and bills.
How does it work?
Companies have capital tied up in invoices, due to be sent to clients.
Select Factoring take on all, or a select few of these invoices and as long as clients are credit worthy, will offer you up to 90% of the value of the invoices. This cash can be in your business account within 24 hours.
We then continue to chase your clients for payments and once everything is paid, you receive the final 10%, minus a small fee.
Factoring is a way of gaining capital that belongs to you, long before clients pay their invoices. This way you have the capital upfront.
Companies in Derby can benefit from this type of funding enormously.
Derby, a city in the East Midlands, nestles amongst the backdrop of stunning scenery and sprawling dales.
Derby was one of the main centres of the Industrial Revolution and produced some of the finest fabrics from the watermills. The industrial boom bought forth an array of high quality companies, such as Rolls Royce and Toyota. Egg Banking is based on Pride Park and Core Design, the producers of Tomb Raider, hailed from Derby.
Today the city sees continual improvements to all areas, from the historic quarter to the modern centre and home to the Quad. Many businesses are based in the city, as well as right out in the far reaches of the County.
Buxton, Chesterfield, Long Eaton and Ashbourne all come under the county banner and offer a wealth of business.
Factoring is a great way to manage your accounts and many companies in Derby can reap huge benefits from smart accounting.
Contact us today for more information.