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Invoice Factoring (Invoice Finance)

Invoice Factoring is used to improve a company's working capital and boost cash flow, or to reduce administrative overheads.
It is a form of short term borrowing that uses unpaid invoices as collateral for the loan. So you can draw money against sales invoices that have still to be paid to you by the customer.

Invoice Factoring is essentially a debt collection service provided by a third party, and companies that provide this service are often called Debt Factoring companies. They will track down or chase up late payers for you so you can concentrate on running your business. If necessary they will also take legal action against companies who do not pay your invoices.

 

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Pure Money is a trading style of Bradgate Financial Solutions Limited and is authorised and regulated by the Financial Conduct Authority under FCA number 672856. Trading Address: UN14 Armstrong House, First Avenue, Doncaster, South Yorkshire, DN9 3GA. Registered Address: 11a Leicester Road, Blaby, Leicester, LE8 4GR

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR DEBT SECURED ON IT