- 27 Oct
Deal Completed - Recourse Factoring For Archaeologists
A very strange #factoring deal that we completed recently! Recourse factoring for a firm of archaeologists!
They were looking for working capital to fund the growth of their business and we found them a recourse factoring facility that would do that. Recourse factoring will give the client the benefit of a credit control service to help them collect their outstanding sales invoices together with a funding package that will release cash against their credit invoices as soon as they raise them.
Not a conventional sector for the invoice finance industry but there is nearly always a business out there that will fund any type of service or product through invoice finance and factoring.
Hope you like my attempt at a velociraptor dinosaur!
More factoring deals to follow . . .