If any of the following apply to your business, our factoring service could meet your needs:
- your sales are growing and you need to know that your cash flow will keep pace
- you have a lot of money tied up in the sales ledger that could be working harder for you
- you're funding a major purchase or planning a management buy-out/buy-in and want the sales ledger to fund your working capital needs
- you're moving into trade credit sales for the first time and want to control customer credit without a big increase in workload
- you're spending increasing amounts of time and resources chasing payment and you want to look at cost-efficient alternatives.
As a general guide, our factoring service is suitable for businesses who:
- Sell to other businesses on credit terms
- Have a projected business turnover over £500k (including start-ups)
Invoice Finance is available to businesses that bank elsewhere as well as HSBC business customers.