Factoring with Bad Debt protection (or as it is sometimes known – Non Recourse Factoring) is a funding, collections and bad debt protection service which releases cash against the value of your outstanding invoices as well as providing peace of mind that you will get paid even as a result of customer insolvency or prolonged default.
- Improve your cashflow by gaining access to a percentage of your outstanding invoices within 24 hours, providing both an immediate and on-going supply of cash into your business
- Have peace of mind that with a bad debt protection policy your business does not run the risk of losing money caused by prolonged default of payment or customer insolvency
- Save valuable management time with our comprehensive sales ledger management service. Our highly skilled credit controllers will chase and collect outstanding invoice payment, maintain up to date sales ledger information, help to establish credit limits with existing and prospective customers and make claims
Our facilities can be provided against your whole turnover or against selected customers at very competitive rates. Individual limits will be set for each of your customers and in the unfortunate event that you should need to make a claim our bad debt protection will pay out up to 90% of the net value of invoices outstanding. If you are concerned about the effects a bad debt could have on your business and would like to find out more about the benefits this valuable protection could provide. Please call 0800 91 95 92 or simply complete the form below and we will be in touch.