Factoring

	Factoring
	home > products > factoring Imagine how much easier life would be if most of your business sales were in cash. Our company Factoring product can provide immediate access to cash tied up in the debtors ledger. In addition, we look after the day to day management of accounts receivable, so precious time is not wasted chasing customer payments. When we receive full payment a company receives the remaining funds less interest and costs. There is no fixed limit so as sales grow so can your access to cash. With cash on hand there is the opportunity to negotiate better prices from suppliers. Factoring is ideal for developing/fast growing companies and businesses with low levels of equity or company assets. Our factoring facility offers: Access to funds within 24 hours Up to 90% of each debtors face value immediately Full administration of monthly debtor statements and credit control A website to view debtor accounts to invoice level, current account information (including funds available) and the ability to request drawdowns No requirement for early repayment discounts with your clients Flexible credit/approval terms Fees Establishment fees, administration fees and, interest charges apply For more information on costs please contact a member of our business development team on 0800 ASK LOCK (0800 275 562) or via our contact form Our normal lending criteria apply.
	Contact us now to find out how we can help your business grow. Email us or call for an intital assessment - Freephone 0800 ASK LOCK (0800 275 562) Downloads: > Factoring spec sheet > Company Health Services case study Useful Links: > Apparel Magazine, The Factoring Business: How Times Have Changed
	Trade Finance Turn your business sales into cash. Ideal for more established companies. Debtor Finance Access cash tied up in debtors and stock and realise profits for use today. Contact Us Contact us now for an initial assessment of your funding requirements. The information provided in this site is supplied by Lock Finance (unless otherwise specified). All Lock Finance services, products and offers are subject to change. While every endeavour has been made to supply accurate up to date information, errors and omissions may occur. Accordingly, Lock Finance accepts no responsibility for any loss to any person (in any form whatsoever) that arises from the use of, or reliance on, the information contained on the Lock Finance website.

Proud member
of the International Factors Group.