#factor select, invoice discounting, factoring, invoice finance, Factoring quote, Recourse Factoring, Credit Control, factoring companies, factoring solutions, web design, IT support, caboodle IT, sales ledger management,
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Not all factors will either provide finance against export debtors or be able to provide a credit management service for overseas debtors.
Some may provide finance to a particular limit, others may do so only if your overseas debts are credit insured.
Certain factors can provide a thoroughly efficient credit management service in collecting from your overseas customers doing so directly
with dedicated UK based export credit controllers experienced in languages and foreign legal and business practices. Other may have
associations with overseas factors who will provide this service on behalf of the UK factor. This area has seen particular growth, last year alone by 31%.
It is often easier for the factor if you are invoicing in Sterling, although other currency invoices can be financed. Factors may treat currencies separately,
most if funded will establish separate currency ledgers i.e. a Dollar or Euro ledger against which you will be able to draw funds in the particular currency.
This is yet another area to be careful with when selecting your factor. If you export and most certainly if this forms a good amount of your turnover
choosing the wrong factor could significantly restrict or reduce the likely finance that might otherwise be generated.
Some factors, particularly those owned by overseas banks are very good and comfortable with export sales. A select number of factors can also provide additional services,
particularly for those who import and require letters of credit raising or pre-shipment finance.
Blue Asset Finance can guide you to those proven in financing and/or collecting export debts.
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