Mr Ashton had never used factoring finance before as previously it has had a bad name in the market place. This however is now not the case and many businesses use it to grow and release cash flow.
Factoring Finance is usually the better option for smaller businesses as it frees up management time as it removes the time involved in running a sales ledger and credit control functions as the Factoring Finance provider would take this on as part of the agreement.
We approached several lenders for the Factoring Finance and arranged meetings with the providers and the client. We sat through the meetings with the client and he was impressed with what was on offer and how it would help his business to grow.
Mr Ashton has steadily over the last year grown his business using Factoring Finance and he was extremely happy with the package that was sourced.