In a world of financial doom and gloom, its been a difficult time for banks and financial institutions to push their services to customers and businesses without obstacles, which, have been a result of financial crisis across the globe. On the positive side, companies using clever marking techniques have managed to overcome these obstacles by offering alternative services.
Businesses and individuals have struggled through this particularly tight period, but some have managed to highlight services that many didn’t know about in the first place. Take for instance, the financial service of Factoring. Most of the high street Banks and financial institutions took it upon themselves to offer factoring and invoice discounting as an optional service, when things started to look bleak. Mainly because there was no way they could go about lending money like they had previously…and really, that’s how we got into difficulty in the first place.
Independent financial specialists such as Select Factoring , work with some of the biggest global lenders and provide a service like no other, especially to Small and medium enterprises. The way that you gain finance from companies such as Select Factoring is using invoices, in a way, you “sell” your invoices to them. They can lend up a % of the value of the invoice and generally within 24 hours. It’s quick and most invoice discounters will offer you the option of chasing up your own clients. Factoring and invoice discounting has seen a huge growth over the past 4 years, but many are still unaware of how simple it is to use and how there are no financial ties that you would have with a loan.
So, If you’re an SME and need some extra funding, take stock of your invoices and rather than having to wait 30, 60 or 90 days, contact a factoring discounter- like Select Factoring and have some money in the bank in 24 hours.