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Spot Factoring is a form of invoice finance which allows you to borrow funds against single or selected invoices.
Use spot factoring for your UK business.
LivFin is non-banking financial company and offers an easy invoice finance for your business that helps you grow and prosper.
Our invoice Finance is one stop solution for addressing specific situations at your business and bridge the current gap in the market with innovative and flexible features.
In market terms, invoice finance is also known as invoice discounting and offers many benefits to small business owners of India.
Invoice Finance works differently as it offers more money into the hands of business owners to raise funds and does not require long term committed contracts.
At Livfin, there is a great chance to avail invoice finance for streamlining your working capital flow.Resource: https://livfin.com/blog/what-is-invoice-financing-and-benefits/
(a) Recourse FactoringA common misconception is that a company is not responsible for invoices when they are sold, but if the invoice is not paid, the company must take back the money owed to its customers.
However, some factoring companies are unwilling to consider payments in advance, such as annual royalties.
As a result, your company receives a cash injection that improves cash flow without burdening the balance sheet.
Improved Receivables ManagementDepending on the type of agreement you have with your factoring provider, you can work with a company that employs a professional debt collection agent and has your claims managed by someone else instead of chasing overdue invoices.
As a result, potential customers are often companies or companies that provide credit facilities.
Why might a business choose invoice financing?If your business income is low or you have several outstanding debts, your request is unlikely to turn into invoice financing, as you would with a loan from a bank.