Factoring
This is an alternative to debtor finance.
Factoring involves arrangement whereby a financial institution actually buys a company’s accounts receivable/debtors at a discount. Financier collects the debt.
This type of business loan is not ideal because it suggests that the borrower is having cash flow difficulties and some customers/competitors may take advantage of this weakness and exacerbate the problem.
BizExchange understands that whether you are buying or selling a business, business financing is a likely consideration. We also know that finding the right person at the bank to deal with your issues is not always as easy as it should be.
This is why we have established relationships with a range of financial providers so that you can complete one form and have it received by the right person at each of the institutions you have nominated. Not only that, we know their lending criteria, so we will only present you with the banks that are prepared to consider your application.
