We believe that you only you can decide what is best for your business and our role is simply to help you make an informed decision. Fully explain all costs involved, how the facility works and what your responsibilities are so that you can make an informed decision.Fully explain what invoice factoring and invoice discounting options are available for your business.At Smart Factoring Quotes our mission is simple. Invoice Factoring and Invoice Discounting can often be confusing. All we do is help businesses like yours find the most cost effective solution for your business.
We are the invoice discounting and factoring specialists.
Whether you are looking for invoice discounting or factoring we will find you the very best available rates from the convenience of a single website. Quotes have a solution that can help you achieve your goal.Smart Factoring Quotes aims to find you the most cost effect cash flow solution for your business. Whatever your business requires there is a strong likelihood that Smart Factoring Typically suitable assets are what we call ‘hard assets’ and include vehicles, plant and machinery and other durable assets. You are simply borrowing money secured against the value of the assets within your business and repaying this on a monthly basis. This can be an excellent way to generate cash against the assets that your business already own. There are various asset finance solutions available depending upon your requirement. It spreads the cost of the asset over a suitable term and id structured properly it is repaid by way of a manageable monthly payment. Asset FinanceĪsset finance is often used by businesses to smooth cash flow. It is typically a disclosed facility but allows the client to do their own credit control.ĬHOCS stands for Client Handles Own Collections. This is a type of hybrid product and in terms of service it falls between factoring and invoice discounting. Invoice discounting is typically confidential and does not include a credit control service. That said, there are lenders with less strict criteria. When compared to factoring it can be harder to obtain and typically requires a business to be well established and profitable. It will generate up to 90% of the value of unpaid invoices. In a similar way to factoring, invoice discounting generates cash against unpaid invoices. Factoring also includes an outsourced credit control service. Typically factoring is disclosed so your customers are aware of a lenders involvement although there are now confidential facilities available. Importantly, it can be used by businesses that might not have a great track record as it’s availability rests more on the people you are dealing with and the systems you have in place rather than your own businesses financial performance or credit history. It is readily available for established businesses and new start businesses alike. Often referred to as just factoring, invoice factoring will generate up to 90% of the value of your unpaid invoices as cash for your business. Specific products that fall under the banner of invoice finance include invoice factoring, invoice discounting and CHOCS. Invoice finance is an umbrella term for the types of facilities that generate cash against unpaid invoices. Let’s take a look at the potential finance solutions that may assist your business: Invoice Finance Importantly we always focus on what your business requires and what you want. Our focus is always the improvement of your cash flow and the reduction of finance costs. We are well versed in other cash flow solutions such as asset finance and asset refinance. At Smart Factoring Quotes our expertise is not limited to Factoring and Invoice Discounting.
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