Export Factoring is aimed specifically at companies that export goods or services around the globe. It provides a healthy cash-flow by releasing to you the value of your invoices, thereby enabling you to trade confidently and efficiently.
Bad debt protection can cover up to 90% of the debt, giving you greater flexibility and confidence in trading overseas.
There are three elements to Export Factoring:
- The lender receives a copy of the invoice you send to your customer.
- The lender advances a minimum of 80% of the invoice value to you within 24 hours.
- The lender chases the invoice and on receipt of payment, advances the remaining balance to you. The lender's fees may be taken either at this stage or from the original advance, depending on the agreement in place.
For further information or to discuss the options available contact us here at GR8 Business Finance on 01704 514514, or send a message via the Contact Us page giving your full name and a daytime contact number.
Registered Office : 11 Shakespeare House, 37-39 Shakespeare Street, Southport, PR8 5AB
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GR8 Business Finance Ltd is a credit broker not a lender, and is regulated by the Financial Conduct Authority. Registered No : 723355
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