Halloween season is here, officially the spookiest time of the year. Whether you’re trick or treating with the kids or frightening the whole family with horror films on Netflix, not everything in life has to be as terrifying! This is a great time of year to sort out your business finances, and if you’ve been putting off signing up for invoice factoring to make your life easier, we’re here to take the fear out of factoring.

Feel The Fear And Do It Anyway

There are enough things going bump in the night this October without factoring worries keeping you awake. Invoice factoring is one thing you don’t need to worry about – it’s simple, cost-efficient and will help your business cashflow this year. Once you’ve been matched with a funder (with experience in your industry, whether that’s freight, recruitment or even construction) you’ll be able to access the cash tied up in your unpaid invoices, almost instantly. Your funder will usually release up to 90% of the value of your unpaid invoices within 24 hours, paying this into your bank account.

Spooktastic Savings With Invoice Factoring

Not only will you save money compared to taking out a bank loan or an arranged overdraft, you’ll also be more in control of your business finances with invoice factoring. Here are just a few of the benefits you can expect when you sign up:

  • Money on hand to meet your commitments to HMRC
  • Stable cashflow allowing you to pay staff and contractors on time
  • The ability to move seamlessly from one project to the next without waiting for payment
  • More time to run your business, as your funder can take control of your accounts receivable
  • More money to purchase supplies and materials in bulk so you can benefit from the lowest possible prices
  • A better reputation with your customers as you’re able to meet your commitments and work to scheduled deadlines without cashflow delays

All this, and invoice factoring is low-risk and cost-effective too! You’ll never borrow more than you can afford, as the amount you borrow is based on the value of your unpaid invoices.

A Ghoulishly Good Match

If you’re wondering where to start and are feeling a little creeped out at the thought of hunting for a funder by yourself, don’t be! The best way to find the right funder for your company’s needs is to use a broker like Simply Factoring Brokers. Not only can we match you with a funder with experience in your industry, who understands the challenges you face, we can also negotiate great savings compared to going directly to the funder. If privacy is a concern, we can set you up with invoice discounting, where you reap all the benefits of invoice factoring but get the devilishly good deal of remaining in charge of your customer accounts.

Trick Or Treat?

There are no tricks in store for our customers this Halloween as we’re upfront about our commission (and our fees). Once we’ve paid you up to 90% of the value of your customer invoices, we’ll then release the remainder to you once it has been paid by the client, minus our small fee. So, you can treat your business to a fantastic new way to manage your cashflow without the horror of borrowing money you can’t afford to pay back.

Don’t Be Left In the Dark, Find Out More About Factoring!

We’d be happy to illuminate you on all the benefits of invoice factoring, whether you’re the owner of a start-up or running a larger business. Why not get in touch with Simply Factoring Brokers today on 0333 920 8178 or if you prefer, scrawl us a spooky note and send it to contactus@simplyfactoringbrokers.co.uk and one of our team will get back to you.

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