Ideal Invoice Finance, a Manchester corporate funding specialist, has expanded with the launch of a new invoice financing division, creating 10-12 new jobs. The company, situated at the Waterside Business Park, Bolton, has included the service amongst its portfolio driven by recent customer demand for the product.
Particularly in a growing business an invoice financing facility can be a much better financing solution than a static overdraft or a reducing finance facility such as a repayment loan.
Invoice financing allows you to borrow on the invoices owed by your customer; you can often get up to 90 days worth of credit for your customer ledger owing. If it is confidentially invoice discounted then the customer is unaware and you will chase your customer payments as normal, on a full factoring facility your lender may choose to chase the debt on your behalf.
Ideal Finance offers all their customers an analysis of their business, and builds a strategy to assist them in getting the best out of their services for invoice financing. There are different techniques that they will use to make sure each of their clients are factoring invoices within their business constraints.
Andrew Rosler, Managing Director reveals, “Ideal Finance has been helping businesses and individuals for a number of years with financing solutions. We have seen an increasing demand from our customers for this service. Many businesses fail, not from a lack of profit, but from a lack of cash. With access to up to 85% of the value of your invoices, Ideal Finance customers will now the working capital they need to trade successfully”.
More information: http://www.idealinvoicefinance.co.uk/