• 05 Sep

    Breached Your Factoring Facility Do Not Panic!

    A "breach" of your factoring facility means that you have contravened one or more of the rules set out in you factoring agreement. This can result in your factor suspending further funding or even giving you notice of termination. "Breaches" can include: - Raising "fresh air invoices" that don't reflect and underlying sale. - Paying off sales invoices with your own cash. - Banking debtor payments. - Pre-invoicing, raising invoices before goods are delivered. It may still be possible to find you an alternative factoring company in these circumstances. Your particular situation will need to be considered but there are factoring companies that will be sympathetic in appropriate circumstances.

    By Glenn Blackman

Share with:

Examples of funders we work with:

leumi abl
muse
funding invoice
inksmoor
metro bank sme finance
skipton