Date Added: Jan 2010
This paper gives an overview of the benefits factoring can bring to a small business in particular to start-up and new enterprises. Factoring not only provides finance against the sales ledger but also has a service element attached to it where the factor will take over the administration of the sales ledger on behalf of your business so relieving the prime movers from the onerous task of chasing up customers for payment and therefore allowing them to do what they do best - running their business. Factoring also offers bad debt protection if it is required. Providing the business operates within the limits set by the factoring company they can receive 100% protection against bad debts.