Manufacturing, Engineering and Fabrication

  • Invoice Finance or Factoring is a quick and effective way to release cash from unpaid invoices
  • Access up to 95% of the gross value of each invoice
  • Helps maintain a regular cash flow and enables you to meet bills, wages and other key operating expenses such as, supplier payments for materials 
  • You can retain the credit control management and also have a confidential facility
  • All facilities are operated online making the account run smoothly

 

 

Even the most successful manufacturing company will have difficulty meeting expenses and supplier payments for raw materials when payments can take months to arrive. Finding a solution can prove to be daunting, if you have tried the traditional route of applying for an overdraft you may have found you do not have sufficient security to guarantee the facility. 

The rise and fall of raw material costs can be a challenge, considerable investment in new machinery to keep up with your customer’s demands can be stalled by lack of cash flow and high tooling costs at the beginning of a project are just some of the problems the manufacturing, engineering and fabrication sectors will face on a day to day basis.

Rather than struggling with a poor cash flow utilise the options available with manufacturing factoring for your business. Alliance Commercial Finance specialises in working closely with companies within the manufacturing, engineering and fabrication industries and we understand the challenges that maybe faced each day.

Unlike a loan, factoring or confidential invoice discounting for manufacturing, engineering and fabrication merely converts your existing invoices into cash, which you can use to cover your operating expenses.

Factoring or confidential invoice discounting can help fill this gap, your business sells their invoices to the factoring company, who will provide up to 90% of the cash tied up in your outstanding invoices. This money can be made available instantly and will help provide your business with its required cash flow. If you choose a factoring facility you will find the factoring company will chase for payments, leaving you more time to concentrate on your business. However if you wish to retain the credit control and some degree of confidentiality then we can consider finding you a confidential invoice discounting facility.

It may help you negotiate better supplier discounts, or allow you to take on more work and gives you the confidence that staff wages and materials can be paid for.

 

Bad debt protection 

Bad debt protection gives peace of mind as it protects your business against the risks of one or more of your customers failing through insolvency or undisputed debt. It is particularly prudent if you are only trading with one or a handful of customers who you rely on for the majority of your turnover.

Also consider using Asset Finance, either via a hire purchase or lease agreement to help spread the cost of any new or used equipment being purchased, or if you are looking to re-finance any existing equipment to fund cash flow we can combine this with a factoring or confidential invoice discounting facility.

Being an independent factoring broker we are not tied to any one lender within the market and you will benefit from our years of experience allowing us to present you with the best options available for your business.

 

Whether you’re starting a new business, already established or if you are looking to improve your current confidential invoice discounting agreement or simply want to improve your cash flow and are unsure which type of invoice finance facility will suit your business, contact us on 01789 761 374 and speak to an advisor today or alternatively fill in our quick quote form for a call back.

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