Accounts receivable factoring is a financial service that enables businesses to convert their outstanding invoices into immediate cash. This service enhances cash flow by providing quick access to up to 90% of the value tied up in unpaid invoices, allowing businesses to meet their financial obligations and invest in growth opportunities without waiting for customer payments.
Unlike Invoice Discounting, when factoring the lender will normally handle your credit control. This will save your business time as you will not have to chase your clients for payment, allowing you to focus on your business.
With a wide and varied range of funding solutions and lenders, it can be difficult to understand which is the best option for your business. At Aim Financial Solutions, we will help you to understand which funding options are the best solution for your business and we will help you to secure the most competitive terms with the best lender for your circumstances.