is offered to any business that offers credit terms to their customers.
So, factoring is not for you! You may not have a big turnover, or even trading, and you are not in a fashionable industry. Take a look at the types of business that are being factored today:
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Airfreight Companies
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Staff Recruitment
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Defense Contractors
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Telecommunications
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Vehicle Repairs |
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Structed Settlements
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Catering
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Carpet Manufacturers
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Paper Manufacturers
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Training Courses |
You can add any number of Manufacturing, Engineering, Business Services and IT industries. Basically, if you raise invoices on a, say, 30 day credit period, you can factor those invoices. Your own credit or trading status is not an issue.