When in need of working capital, businesses prefer to resort to solutions that will grant them immediate access to the money that they require. In such situations, it turns out that it is much more advantageous to ask for the help of a provider, for this comes with a significant number of benefits that other funding means lack, such as immediate cash flow and overdraft reduction.

With the help of debtor finance, businesses can turn their outstanding invoices into money extremely fast, for the provider offers the needed amounts of money within 24 hours after the processing of its customers’ requests. By signing an agreement with a provider of factoring services, businesses can benefit from the cash flow that they need for their everyday needs. Furthermore, solutions will enable them to fund their business growth projects, to honour their day to day obligations and to negotiate supplier discounts on early payments, without worrying about slow-paying customers.

Before choosing a provider of debtor finance, you should do a little research and decide what kind of solution suits you best; in more concrete terms, you can opt either for disclosed, case in which the customer is notified that the invoices have to be paid directly to the financier or for a confidential, which means that the customer will not be aware of the provided funding. Although disclosed, also known as invoice factoring, is the most popular solution amongst small and medium companies, companies are advised to think seriously about the option that suits them best before making a decision in this respect.

After deciding what kind of factoring solution you want, you can commence looking for the right provider of services. When it comes to choosing an appropriate company, you should start by searching for a leading specialist with extensive experience in the field that already has an impressive portfolio of customers and is reputed for delivering professional funding services at affordable rates. Furthermore, it is vital that you ask for details with regard to the procedures it uses during the debt collection process, so that you make sure that it will treat your customers with utmost professionalism and courtesy.

To conclude, debtor finance is a funding modality embraced by numerous small and medium companies that need to boost their cash flow immediately and that cannot afford to wait until their customers pay their outstanding invoices. Furthermore, it seems that this is much more advantageous than contracting a loan, for it does not imply such long processing periods; moreover, it cannot be perceived as a debt, for it is based exclusively on accounts receivable and companies will not pay an interest rate for the money they will receive. They will give up, however, a small percentage of the value of the outstanding invoices, but this is nothing when compared to the interest rates they would have to pay for a bank loan!
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