Fixed Fee Factoring
Fixed fee factoring provides a factoring facility for a simple fixed monthly fee. There are no set up charges and all fees a combined into a simple to understand flat monthly factoring fee.
This product is targeted at businesses with a turnover of up to £500,000 who are looking for a factoring facility. It was launched after research suggested that small businesses found factoring fees confusing. This product provides total transparency and is easy to budget for.
At Smart Factoring Quotes we feel that this factoring product is ideal for a small business with a fairly predictable turnover. It will release cash that is tied up in your debtor book and provide a boost to cash flow.
However, if your turnover is less predictable a bundled fee deal may well be a better option. This operates in a similar way but there is a single percentage fee payable on each invoice with no minimum fee. This means if you have a month with no turnover you will not have to pay any factoring fees.
