Recourse factoring and non-recourse factoring
In certain circumstances, a factoring arrangement could involve the factor taking on the risk of bad debts.
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In certain circumstances, a factoring arrangement could involve the factor taking on the risk of bad debts.
Criteria that make your business eligible for factoring.
Factoring boosts cashflow but there are costs and it brings a third party into the relationship between you and your customer.
Factors advance money to cover invoices and you repay an agreed percentage and fee.
How to improve cashflow by selling your invoices to a third party.
Top tips on securing equity investment for your business.
Loans and government support are possible alternatives to equity finance.
Discover the benefits and drawbacks of the use of equity finance or share capital in your business.
What the equity gap is, how you could avoid it, and guidance on Enterprise Capital Funds.
Outline of the various sources of equity finance available to businesses.
Work out whether equity finance can provide the finance you want for your business.
Overview of what equity finance is and how to find it.
Taking court action to collect debts.
Using a debt collection agency could help your business but there are also some possible disadvantages to consider.
There are a number of ways of collecting a debt without having to go to court.
Your legal right to claim debt recovery costs from customers who pay late.
You have a statutory right to charge interest on any money owed to your business.
Ways to actively reduce or eliminate bad debt among your customers.
The point at which a payment becomes late depends on whether you have agreed a credit period with the customer.
Actions you can take if a payment you are due is late.
The value of assets falls over time and can be written off in accounts spreading the cost over several tax years.
Consider interest rates, tax, overdrafts, maintenance and administration when buying equipment.
Consider cashflow, tax, maintenance and administration when leasing or renting equipment.
An outline of the types of leasing available including finance leasing, operating leasing and contract hire.
Different ways to finance the resources and equipment your business needs.