- 12 May
Factoring Overcomes Bank Overdraft & Loan Restrictions
This is a recent deal that we have just completed for a printing business that went to a bank for an overdraft/loan but found it to be restrictive and were given factoring which they found expensive. We were able to find them an alternative factoring deal that provided the funding flexiblity they needed but also saved them 50% on the service charge cost that they had been been paying.
This is an example of how factoring can be more flexible than other forms of finance such as loans and overdrafts and how using our free invoice finance quotation search service can save factoring and invoice discounting users money.