- 03 May
Benefits Of Factoring
Comment about the benefits of factoring from a client we surveyed: "... works well, far better than overdraft as it grows with you and you have control over it".
An overdraft is normally set for a particular amount and it does not necessarily grow as the turnover of the business grows. Factoring, is different as it is linked to the size of the invoices that you raise. Therefore, by its very nature, it grows in line with growth in your turnover.
The more the invoices you raise, the more funding you receive.