Cheap Factoring
Cheap factoring is available but let's face it - it is all relative.
Without wanting to sidestep the issue of cheap factoring it is important that you ensure any facility is structured properly and works for your business. If it doesn't no matter how cheap it is you will be wasting your money.
So let's look at how you can obtain cheap factoring.
At the risk of self promotion cheap factoring is available from Smart Factoring Quotes so get in touch. We know the market and understand what special offers are available in the market. We also know which lenders are aggressively seeking new clients.
From your side, you need to understand your own requirement and then find a lender that is well placed to help a business like yours. A factoring or invoice discounting company that actively targets businesses in your sector, with your level of turnover and your debtor profile. This means they understand your business and their percieved risk is lower. This results in lower pricing.
Importantly you need to look at the total costs rather than the headline costs. Headline fees can be misleading and when a facility looks cheap the fees are often made up elsewhere through minimum base rates, minimum service fees, audit fees, arrangement fees and other dispursements.
At Smart Factoring Quotes we are totally independent and impartial, we use the whole market to your advantage ensuring the most competitive facility is sourced. We explain all your options so you can make an informed decision as we believe only you can decide what is best for your business. There is no hard sell.
Aswell as sourcing the most competitive facility you can also lower costs by managing any facility properly. It is worth reading our page on how to reduce invoice finance costs.
