- FAQ's Introduction
- How does factoring differ from Invoice Discounting?
- What effect will using factoring have on my business?
- What effect will it have on my bank?
- Does it increase Administration?
- Will it work for my type of business?
- What happens if sales drop?
- What about a Seasonal business?
- Is there a minimum time I must contract to a funder?
- How much does it cost?
Invoice Financing/Factoring - What effect will it have on my bank?
Inevitably current facilities would change, but the aim of trade finance packages is to replace traditional lines of bank credit with a better more flexible overall facility. This can reduce finance costs. The benefits are to your business not your banks, however TFS advises that a different funder is used for trade finance keeping your 'eggs' in separate baskets!
