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How to find the best Invoice Discounter or Factor for your company |
Factoring/ Invoice Discounting |
Trading Overseas |
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| How to find the best Invoice Discounter or Factor for your company |
Let us find the right Invoice Discounter or Factor for you:
A free service
Do you have the time or the experience to survey this complex market yourself?
Do you know the questions to ask and what is negotiable and what is not?
Do you know which companies to go to for your special requirements and circumstances?
Pegasus Funding Resources has a panel of over 42 different Factors and Invoice Discounters and have the experience and knowledge to get the best deal for you. We make no charges to you for this FREE service
We know who will:
Give the lowest discount rate over base
Give the highest pre-payment
Allow the highest level of concentration
Who has the lowest service fee?
The shortest contract period
Who does not ask for personal guarantees?
Who has the lowest termination costs?
Who will pay your existing termination costs for you?
Who does not ask for a commitment fee?
Who has the lowest setup/documentation fee?
Who will also offer you a SFLG?
Who allows additional overdraft facilities, even though they are not a bank?
Who offers trade and stock finance?
Who has the lowest client management ratio?
Who does International Factoring or Invoice Discounting?
Who has the most reliable and flexible service?
Who responds the quickest?
Who even takes the underwriters and credit controllers with them to client meetings?
Who does not insist on debt insurance?
Why should you use Pegasus Funding Resources?
We know what information the funders require, we have a large panel of over 42 companies to get the best deal from, we chose the best fit, we get indicative quotations from 4-5 organisations, and then chose the best 3 to introduce to you. During the client meetings we know the right questions to ask and we negotiate the terms downwards for your benefit. We then follow up with all parties concerned until the deal is completed.
Let your company benefit from our experience, let us do the work for you while you concentrate on your business and remember we offer this service free of charge.
Click here to download the Invoice Discounting and Factoring datasheet.
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| Factoring/ Invoice Discounting |
| Advances are made against the value of invoices, typically 80-90% and while this is not the cheapest way of raising finance it can be extremely helpful for companies with rapid growth as the security will allow higher borrowings in line with the expansion. |
| The lender will carry out some due diligence, examining your accounts and carrying out a detailed analysis of your sales ledger history and credit control procedures. There is a spin off benefit in that it can help introduce credit control disciplines in to your business. |
| This type of borrowing is more appropriate for manufacturers, distributors and service providers than retail and cash businesses or those allowing returns and refunds. |
| Invoice discounting leaves the ledger in the control of the customer who collects payment and is responsible for credit control. |
Under a factoring arrangement control is passed to the Factor who manages all aspects of the ledger. Invoices are marked as assigned and payment is made to the factor so some businesses find this less suitable.
Click here to download the Factoring / Invoice Discounting datasheet. |
| What is Invoice Discounting? |
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| Trading Overseas |
| An export factoring service offers you a complete package to help you develop an overseas business profitably and with confidence. |
| Not only does the lender provide an immediate injection of cash against the value of outstanding export invoices but then as you raise an invoice, they can release up to 80% of the value of that invoice within 24 hours. The remaining 20%, less a small service fee, is paid once the customer pays. This means a business has access to an ongoing supply of cash linked to their sales. So, as the overseas business grows so does the amount of funding available. |
| In addition to the cash the lender provides, they also remove the hassle of dealing with overseas customers, by chasing and collecting outstanding invoice payments from overseas customers. |
| They will prepare and send out statements and telephone the overseas customers, always communicating with them in their language. They will also collect payments and maintain professional and detailed accounts of the transactions.
They can also help in smoothing out the problem of fluctuating exchange rates by offering multi currency facilities, including overseas bank accounts for fast, low cost receipt of payments. 100% credit protection is also available.
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Their services are tailored to each individual business so the fees will depend upon specific needs. There are two types of fee. The first is the cost of the money used, which is extremely competitive when compared with other forms of finance. The second is a service fee.
Click here to download the Trade Finance datasheet.
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