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Follow on Google News | We all check our car insurance renewal for the best deal each year but who bothers to look?In the current climate too many business owners are grateful to have a facility with their Bank and the concept of challenging the cost is a no go. That's fine for an overdraft or loan, if you have a facility you should hang onto it! But what...
By: Andrew Martin That's fine for an overdraft or loan, if you have a facility you should hang onto it! But what about factoring agreements? They tend to be written around a 12 month term so the ability to switch to a cheaper or better facility is a whole lot easier. In our experience, Bank factoring agreements signed in early years of trading can be expensive as the customer may not have compared quotes. Quite often the facility would have been written around projected sales that may have been exceeded or possibly not met. Either way, some fine tuning will be necessary. We are able to offer a simple comparison facility over the phone. Keep the cash flowing You are probably fed up of hearing about the woes of the financial world and how banks and outside investors no longer offer an easy access to funding. But the fact remains that it is still tough out there and many businesses are finding it difficult to secure the funding they need to thrive and survive. One of the most effect ways is to switch from more traditional sources of bank funding and borrow against invoices, meaning funding will grow in line with business. Businesses that survive the current squeeze will be in a prime position when the economy improves. We can help by keeping the cash flowing and providing the necessary funds, especially when times are tight. We are also able to arrange protection against bad debts to safeguard your client from insolvency or non-payment by customers Advances against both existing and new invoices can be up to 85% and unlike an overdraft there is no upper limit Browse at http://www.factoringandfinance.co.uk or Why not give us a call? 0845 643 4722 End
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