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Factoring and Invoice Discounting
Factoring allows you to raise finance based on the value of your outstanding invoices. Growing businesses, in particular, often find that factoring is a more flexible source of working capital than overdrafts or loans.
Factoring also gives you the opportunity to outsource your sales ledger operations and to use more sophisticated credit-rating systems.
This briefing outlines:
- How factoring and invoice discounting work.
- Whether factoring is suitable for your business.
- How to choose a factor.
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