As the most basic type of factoring solution, recourse factoring allows businesses to access working capital tied up in invoices by releasing up to 90% of the sales ledger value within 24 hours.
The factoring company will also perform your sales ledger management, giving your business the time and resource to focus on core activities and securing new business opportunities.
Access to up to 90% of the sales ledger value within 24 hours
Enables you to pay your suppliers before your customers pay you
You may be able to use the funding to secure early settlement discounts
Level of funding can grow directly in line with your turnover
Dedicated sales ledger management service provides credit control expertise
Typically cheaper than non-recourse factoring as no bad debt protection is provided
The search for funding can be time-consuming, especially with a range of products and providers to choose from. Voted Invoice Finance Broker of the Year at the 2018 Business Moneyfacts Awards, Hilton-Baird Financial Solutions specialises in factoring and can help source the best facility on the market for your needs. With our help you can:
To find out more about how factoring can boost your cash flow, call us on 0800 9774833 or email info@hiltonbaird.co.uk to speak to one of our funding consultants.
I was offered a variety of factoring services by Hilton-Baird, and after consultation over the right one for me I chose the one that was the most personal, informative and friendly.
Neal Warcup, Managing Director, Polar Recruitment
Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders
