- 09 Sep
Invoice Finance Without Being A Homeowner
Again we have been discussing another prospective invoice finance client that is not a homeowner. Several invoice finance companies now insist on client company directors being homeowners. Thankfully we have factors on our panel that do not insist in this. The whole approach to this is hard to understand. The key security should be the company's book debts, personal guarantee should only be seen as something to ensure the directors cooperation in a failure situation. A person could be in a far better financial position renting rather than have a large mortgage, and what if their home ownership status changes post take on? Does the factor terminate? If you are having problems with this issue call Sean on: 03330 113622 and he will try to help put you in touch with invoice finance companies that don't require you to be a homeowner.