As it is the new year would it be worth reviewing your finance facility? It is probably a worthwhile exercise for the following reasons:
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- you may be paying a minimum base rate which means you are paying too much and not benefitting from the current low base rate
- has your turnover increased? If so your service fee is probably too high as it is based on your lower turnover when you set up the facility.
- Is your funding restricted? If so, structure a facility properly so that cash generation is maximised.
Smart Factoring Quotes will happily conduct a review for you. We will do all the work and our service costs you nothing.
Get in touch today to find out how much money you can save.