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Factoring for the Manufacturing, Engineering and Fabrication Industry


The manufacturing, engineering and fabrication industry will all face difficultly meeting expenses and supplier payments for raw materials when payments can take so long to arrive. Finding a solution can be quite a intimidating prospect, especially if you have tried the traditional routes to apply for an overdraft from the bank and have been declines because you do not have enough security to guarantee the facility.

 

The rise and fall of raw material costs can be another difficulty with this industry with a huge amount of investment needed for new machinery to keep up with your customer’s demands can be stopped by the lack of cash flow.

 

There is a solution to these challenges the manufacturing industry faces, there is no need to struggle with poor cash flow anymore. Factoring or confidential invoice discounting can convert your existing invoices into cash, which you can use to cover your operating expenses. Factoring or confidential invoice discounting works by selling your invoices to a factoring company who will then 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 its required cashflow. If you choose a factoring facility you will find the factoring company will chase for payments, giving you more time to focus on your business.  If you’d prefer to retain the credit control and confidentiality then we can find you a confidential invoice discounting facility.

 

Here at Alliance Commercial Finance we can help your business grow by providing factoring solutions to meet your current cash-flow requirements. We will find you the most suitable factoring partner and research the whole market on your behalf, presenting you with options. Don’t hesitate to contact us today, to find out how we can help you and your business.

Added: 14 Sep 2017 09:51


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