Are you a Nottingham-based business looking for alternative funding? Select Factoring can help you with our fast, efficient and cost-effective factoring systems.Read more
How does it work?
Many businesses have more assets than they realise, because these assets are tied up in invoices to their clients. Select Factoring takes on all, or a select few, of these invoices and returns up to 90% of their value into your account.
As long as your clients are credit-worthy, we can release these funds to you within 24 hours. Select Factoring will continue to chase clients for their invoices and when the payments are received, you will receive the final 10% minus a small fee.
This system allows you to have capital in your account so that you can pay debts and staff, purchase materials or machinery and expand your business without having to wait for clients to pay.
Select Factoring has a range of solutions which we can tailor to your needs. This means you can continue to pursue clients for payment and use other services we offer, such as letters of credit.
Assisting business in Nottingham
The county of Nottinghamshire boasts a huge range of businesses, from the small start-ups to large corporations. There is a wealth of history based around some of the UK’s biggest brands and exports from the East Midlands.
The East Midlands was the only area of the UK that managed to stay healthy during the recent economic problems. But that doesn't mean business is booming for everyone.
If you're based in Nottingham and are struggling to balance your finances, we can help you with your flow of capital.
Factoring is an efficient way to manage your finances and could benefit your business hugely. If your clients are credit-worthy, you could have up to 90% of the value of your invoices in your account tomorrow.
Contact Select Factoring today to find out more.