Do you have a very successful business with plenty of customers and work, you complete all your jobs on time and submit the invoices for payment expecting that your credit terms will be met only to find that your customers are really using you as a bank?
You may even start to experience severe cash flow issues as a consequence.
Depending on the total value of your debtor’s ledger, using Debtor (or Invoice) Finance could be the solution.
In this episode, we will be covering the use of a lending facility called Debtors Finance which can help you unlock up to 85% of the value of your total debtors.
What you’ll learn:
- (0:14) Welcome to The Chasers Channel: Expert Advice for Business Success
- (0:34) Struggling with Late Payments? Debtors Finance Could Help
- (1:07) Host Introduction and Lending Disclaimer
- (1:43) Important Financial Considerations Before Using Debtors Finance
- (2:15) The Late Payment Problem: When Customers Use Your Business as a Bank
- (2:34) How Debtors Finance Works: Unlock 70-90% of Your Unpaid Invoices
- (3:11) Fees and Terms of Debtors Finance: What to Expect
- (3:38) Risk Criteria and Types of Debtors Finance
- (4:03) Factoring: Selling Invoices for Immediate Payment
- (4:24) Invoice Factoring Disclosure and Confidential Facilities
- Loads More…
Links and Resources:
#DebtorsFinance #InvoiceFinance #BusinessCashFlow #SmallBusinessFunding #ImproveCashFlow