Are you a small business struggling with cash flow and late payment problems? Select Factoring offers a range of finance solutions from invoice discounting to factoring.
Banks can be unwilling to finance small businesses, and there are other ways of boosting your cash flow. Invoice discounting gets capital straight to your bank account without waiting for clients to put payment through.
Invoice discounting – How it works
After you have sent out your invoices, you can refer the details to Select Factoring. We then release up to 90% of the value of your invoices straight to your account.
This means you get paid within 24 hours instead of waiting for clients to pay up. So you can pay off debts, purchase materials and expand your business with capital at your fingertips.
Your business will continue to follow up missing payments, and when the client has paid in full, the rest of the funds will be released to you, minus a small lending fee.
By using invoice finance, you’ll still be in total control and have minimum paperwork to fill out, but your business can make the most of improved working capital and cash flow. You can use our invoice discounting service as and when you need to, so you can make sure to pay staff and bills on time.
Helping business in Walsall
Walsall is a large West Midlands town, notable for its leather industry heritage. Recent re-developments have won awards for their regeneration of the urban area, and with more planned over the next few years, Walsall is an up-and-coming town.
This big industrial town is just northwest of Birmingham and east of Wolverhampton. Walsall is centrally located within England with access to the M6, making giving good access to London as well as the north of the country. This has increased the investment appeal of the city, and there are many large headquarters based in the region.
However, if your business needs some extra financial help to make the most of the connections that Walsall enjoys, then look no further. Select Factoring is the place to come.
Contact us today and find out more about invoice discounting.